Flexible Products Co. has been acquired by AirBoss of America Corp.
THE TRANSACTION
In October 2013, AirBoss completed the acquisition of all of the outstanding stock of Flexible. DPP acted as exclusive financial advisor to Flexible, and Giarmarco, Mullins & Horton P.C. served as legal advisor. National Bank Financial Inc. is acting as financial advisor to AirBoss, while Davies Ward Phillips & Vineberg LLP is serving as AirBoss' legal counsel.
Our Client
FLEXIBLE PRODUCTS CO.
Flexible Products Co. (“Flexible” or the “Company”) founded in 1980 and headquartered in Auburn Hills, MI, is a leading supplier of innovative and cost-effective anti-vibration solutions to the North American automotive market. The Company designs, prototypes, engineers and manufactures rubber and synthetic rubber products, such as bushings, dampers, boots, and isolators that are used to eliminate or control undesired vibration and noise, to enhance interior comfort, quality, increase the durability of a vehicle, and improve the overall experience of a vehicle’s passengers. The Company employs approximately 300 individuals, and operates three facilities in Michigan, as well as a joint venture operation in Malaysia.
Transaction Partner
AIRBOSS OF AMERICA CORP.
AirBoss of America Corp. (“AirBoss”) based in Newmarket, Ontario, develops, manufactures, and sells high quality, proprietary rubber-based products offering enhanced performance and productivity to transportation, military and industrial markets. With a capacity to supply over 250 million pounds of rubber annually to a diverse group of rubber manufacturers, AirBoss is also one of North America's largest custom rubber compounding companies. AirBoss (TSE:BOS) is listed on the Toronto Stock Exchange.
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Automotive & Truck
Automotive & Truck
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