Altdorf, Switzerland – Datwyler is to acquire Columbia Engineered Rubber Inc., in a deal intended to enhance its sealing solutions division’s sales and distribution offerings to the US automotive industry and other industrial markets.
With annual sales of around €21 million and 70 employees, Columbia Engineered Rubber specialises in the engineering, manufacturing, sales and distribution of custom rubber components. It has, added Datwyler, long-standing relationships in the US automotive industry.
The acquisition of the of Dayton, Ohio from parent Keystone Holdings Inc. is scheduled for completion at the end of this month. The companies have agreed not to disclose the purchase price.
Columbia Engineered Rubber also has a long-term relationship with Datwyler Sealing Solutions (Anhui) Co., Ltd. (formerly Zhongding Sealtech), which Datwyler acquired in China in 2012.
In addition, Datwyler will also be able to offer US customers local engineering and prototyping services for rubber components, according to the Swiss group.
Mark and Bryan Bueltel, the current owners of Keystone Holdings, Inc., will continue to manage and develop the business alongside the management team and associates of Columbia Engineered Rubber, said Datwyler.