AirBoss secures $100m in new rubber-moulding orders

Newmarket, Ontario – AirBoss of America has secured new rubber-moulding business expected to generate up to $100 million (€90 million) in sales over the next five years.

In a 4 Nov statement, the Canadian group said its ‘AirBoss manufactured products’ (AMP) division had secured the new production awards from OEMs and Tier 1 suppliers during 2026.

The awards cover its rubber-moulded products business, which produces products such as antivibration solutions, and engineered components primarily for the automotive, heavy commercial, transportation, and industrial sectors.

The business recorded improved volumes in both automotive and non-automotive applications during the third quarter, said AirBoss.

The new business awards, said AirBoss president and co-CEO Chris Bitsakakis, validate earlier investments in automation, which he said had positioned the AMP division for new “onshoring opportunities.”

Meanwhile, the group's ‘AirBoss rubber solutions’ (ARS) division reported a 6.2% year-on-year increase in quarterly sales to $54.7 million, supported by a 9.3% rise in volumes.

Gross profit at the division increased 13% to $7.1 million, reflecting higher non-tolling volumes and a favourable product mix, despite continued margin pressure.

“We were encouraged by improved performance at AirBoss rubber solutions, where higher volumes and improved margins contributed to stronger results,” said Bitsakakis.

ARS, said AirBoss, reported “modest signs of improvement” at some customers, although industrial demand remained uneven.

Customers, it added, continued to "manage production schedules and inventories amid uneven industrial demand, trade-policy uncertainty, input-cost pressures and supply-chain considerations."

At group level, third-quarter net sales declined 1.7% year-on-year to $98.7 million, while the company returned to a profit of $1.5 million from a $2.9 million loss a year earlier.

Adjusted earnings (EBITDA) increased 11% year-on-year to $8.1 million from $7.3 million.

Chairman and co-CEO Gren Schoch said AirBoss remained focused on “growing our core ARS segment” and expanding its advanced rubber-moulded products operations.

Furthermore, the group said it would aim to diversify products by investing in speciality rubber compounds, new applications and automation while seeking further opportunities to expand its market share.