June 26, 2008
Deal Combines Two Well Known and Respected Performance Materials Companies
Niantic Seal Inc., a wholly owned subsidiary of The INSCO Group, announced today the acquisition of Northeast Rubber Products, Inc., a leading distributor and fabricator of industrial rubber products. The new entity will operate as a going concern from its existing facility located in Framingham, MA, doing business as Northeast Rubber Products, a division of Niantic Seal, Inc. Both business units are included in INSCO's newly formed Performance Materials Group.
These two well known and respected New England companies have shared equal regional market presence in the high performance seal and industrial rubber products market for many years. Commented Skip Mauro, INSCO's President, "We welcome the employees of Northeast Rubber Products to the Niantic Seal team. Our intent is to leverage the inherent strengths of both organizations for the immediate benefit of our valued customers, principal suppliers and other key stakeholders as part of INSCO's overall strategic growth plans." Added Mike Bacon, founder of Northeast Rubber Products, "We view our new strategic alignment with Niantic Seal as an exciting growth opportunity for both entities. Going forward, we will now offer a broader array of industry leading sealing products; die cut parts and molded shapes; fabricated hose assemblies and other industrial rubber products along with additional value enhancing services. This will allow our combined customer base, and new prospects as well, to take full advantage of what a larger scale, customer centric and quality focused organization can provide in a highly competitive marketplace. Overall, more products and services will equate to more convenience and additional value for our customers."
About Niantic Seal, Inc.
Niantic Seal, headquartered in Lincoln, RI, is the premier provider of high performance sealing products and solutions in the Northeast. Niantic Seal represents industry-leading seal component and material manufacturers. These technically advanced products, coupled with Niantic's specialized seal knowledge, ensure their customers receive the optimal sealing solution each and every time. The entire organization at Niantic Seal prides itself on providing solutions that combine exceptional engineering with cost effectiveness.
About Northeast Rubber Products, Inc.
Northeast Rubber Products, headquartered in Framingham, MA, is a leading distributor and fabricator of World Class Quality products such as O-rings, industrial rubber hose and fittings, gaskets, die-cut parts and gaskets, seals, sheet rubber, sponge, custom molded parts, as well as metal expansion joints, metal, rubber and Teflon-lined hose assemblies. Northeast Rubber's commitment to quality and customer satisfaction has propelled it to a leadership position in the Industrial Rubber Products Industry.
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