Fenner Advanced Sealing Technologies (FAST Group-Houston) Today Announced the Acquisition of American Industrial Plastics |
American Industrial Plastics (AIP)
724 Fentress Blvd.
Daytona Beach, FL, 32114
USA
Press release date: August 9, 2012
Fenner Advanced Sealing Technologies (FAST Group-Houston) today announced the acquisition of American Industrial Plastics (AIP) located in Daytona, Florida. For 30 years, AIP has served the oil and gas, industrial, and medical markets with precision machined products for demanding applications.
"This is a perfect alignment of manufacturing capabilities," said FAST Group-Houston President Leonard Casey. "The capabilities of the team at AIP expand our current offerings and give us an even stronger presence in our key markets."
AIP specializes in developing customer concepts into manufacturable parts. The team is particularly proficient in manufacturing complex and difficult-to-machine components out of high-performance, polymer-based materials.
"Our mutual expertise in materials, custom manufacturing, and engineering will enable us to foster innovation and will complement our current business," explained Casey. "Our customers can now source components machined to unprecedented levels of precision while AIP customers have access to robust engineering and material design."
"Fenner Advanced Sealing Technologies is the right fit at the right time for us," said AIP President George Willis. "We anticipate leveraging the resources within Fenner to further advance our market presence and provide our current customers with comprehensive engineering support."
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