Simrit Expands Rubber Diaphragm Offering Through Acquisition
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PLYMOUTH, Mich., Oct. 31, 2007 - Simrit, a division of Freudenberg-NOK, announced the acquisition of the assets of Precision Industries Corporation of Germantown, Wis., a developer and manufacturer of specialized custom diaphragms. Terms of the agreement were not disclosed.
Precision was established in 1986 as a manufacturer of high quality diaphragms, specializing in fabric-reinforced diaphragms for small engines, fuel systems, irrigation, gaseous fuels, pneumatic controls and medical regulators. In addition, Precision routinely develops custom diaphragms for use in markets requiring certifications such as UL, FDA, NSF, DoD, CSA and a variety of other regulated industries.
Precision's product capabilities include custom diaphragms made of rubber, rubber-fabric combinations and specialty materials, as well as diaphragms and gaskets die-cut from coated fabrics. The company's designs also encompass insert-molded diaphragms and over-molded diaphragms, but their distinction is in assembling specialized diaphragms. Using state-of-the-art equipment, including PLC controlled presses, 3-D modeling systems and robust manufacturing software, they optimize processes to bring customers diaphragm solutions which are both robust and cost-efficient.
This acquisition will allow Precision to expand their reach into a broader variety of general industry markets while leveraging the financial and R&D resources of a much larger company. In return, Simrit will add comprehensive diaphragm capabilities to their broad product offering.
The Simrit Division is based at Freudenberg-NOK's headquarters in Plymouth, Mich. Freudenberg-NOK is part of the Freudenberg and NOK Group Companies, which have total annual sales of more than $12 billion. The global Freudenberg and NOK Group offers an extensive portfolio of precision-manufactured products for the semiconductor, aerospace, appliance, diesel engine, marine, off-highway equipment, oil and gas, and recreational vehicle markets. For more information, visit the Simrit website at www.simrit.com.
Contacts:
Adriana Ferrari / Jim Bianchi
Bianchi Public Relations / 248-269-1122
aferrari@bianchipr.com / jbianchi@bianchipr.com
Tim Lomax
Simrit / 734-354-5336
tim.lomax@simrit.us
