Mearthane Acquisition

CRANSTON, R.I., September 26, 2017 – Mearthane Products Corporation (MPC), a Rhode Island-based developer and manufacturer of customized polyurethane components, announced today that it has completed the acquisition of Elmco Tool Inc., a provider of precision Computer Numerical Control (CNC) and machining services based in Bristol, Rhode Island.

Elmco Tool’s precision machining expertise has made it a key supplier of mission-critical components in demanding defense applications and other markets. “Elmco’s market focus builds upon MPC’s successful track record in defense and other mission-critical applications,” said Pete Kaczmarek, President and Chief Operating Officer of MPC. “Our joint capabilities will allow us to bring a broader range of solutions to our existing customers, while positioning the company for diversification. For example, Elmco’s rapid and sophisticated tool design and machining capability will allow MPC to address our customers’ needs quickly and flexibly, especially during prototyping and early stage production.”

Elmco Tool has a skilled workforce and a variety of CNC and other machining capabilities. MPC plans to continue Elmco Tool’s operations at the Bristol, RI, facility, and will integrate key administrative and functional roles to improve operations at both facilities.

Mearthane Products Corporation (MPC) (www.mearthane.com) is a global technology leader in the development and manufacture of advanced polyurethane components. Building on over 50 years of formulation and processing experience, MPC partners closely with customers to develop innovative solutions to their toughest challenges in office automation, defense, banking, postal systems and a wide variety of industrial and consumer applications worldwide. MPC’s products are made in the USA and shipped all over the world, leading to its award in 2017 as the Exporter of the Year for Rhode Island by the US Small Business Administration. MPC is proud to be a Veteran Owned Small Business (VOSB), and certified to ISO-9001:2008.

Elmco Tool (www.elmcotool.com) is one of Rhode Island’s key providers of precision CNC and general machining services since 1977. Elmco is a full-service machine shop equipped to manufacture prototype or production quantities of custom metals or plastics, with a special capability in defense-related applications.