Minnesota Rubber and Plastics Archives - Medical Design Sourcing

Minnesota Rubber and Plastics has a new owner in $950M deal

Investment firm KKR is selling Minnesota Rubber and Plastics to Trelleborg Group for approximately $950 million.

MRP (incorporated under the name Quadion) has more than 1,450 employees, and all will receive cash payouts when the deal closes sometime before the end of the year.

“MRP shows the power of building an ownership culture, something we believe many more companies can replicate, and the potential of the shared ownership movement,” KKR Americas Private Equity co-head Pete Stavros said in a news release. “Trelleborg is a great cultural fit for MRP and the ideal strategic partner. As part of Trelleborg, MRP will continue to be an employee-centric organization with exciting opportunities for continued innovation and global growth.”

Plymouth, Minnesota-based MRP was founded in 1945 and now has eight manufacturing facilities in the U.S., Mexico, England, the Czech Republic and China. The company makes engineered elastomers and thermoplastics for the med…

Minnesota Rubber and Plastics to officially open its new Innovation Center

Minnesota Rubber and Plastics officials see the new Innovation Center speeding up the company’s product development process [Image courtesy of MRP]

Minnesota Rubber and Plastics is holding a ribbon-cutting event tomorrow at its 9,000-square-foot Innovation Center adjacent to its headquarters, northwest of Minneapolis in the suburb of Plymouth.

The event caps off a $7 million, nine-month construction project. The new Innovation Center is meant to boost collaboration on design, production-intent prototyping, comprehensive testing, and manufacturing and deployment readiness — all under one roof.

Karthik Viswanathan, MRP’s VP of product development, noted in an October news release that processes that once took months will be cut down to weeks.

Minnesota Rubber and Plastics is incorporated under the name Quadion. It makes engineered elastomers and thermoplastics for the medical, water and …

Minnesota Rubber and Plastics acquires Primasil Silicones

Minnesota Rubber and Plastics announced that it has acquired Primasil Silicones, a Weobley, U.K.-based custom silicone rubber compounder, mixer and manufacturer.

Primasil focuses on the medical, HVAC and specialty industrial end markets. Officials at Minnesota Rubber see the Primasil purchase adding advanced silicone formulation and compounding expertise to the company’s offerings. Minnesota Rubber, based outside Minneapolis, also gains an expanded manufacturing footprint in Europe.

The financial terms of the deal were not disclosed.

“Primasil’s custom material formulation, mixing and molding expertise will complement Minnesota Rubber and Plastic’s renowned materials science and molding capabilities. It will also provide a wide variety of new solutions for our clients,” Minnesota Rubber and Plastics CEO Jay Ward said in a news release.

“We have a long history of successfully serving our customers in Europe, and the addition of a highly…

Minnesota Rubber and Plastics plans new Innovation Center

A rendering of Minnesota Rubber and Plastics’ planned Innovation Center [Image courtesy of Minnesota Rubber and Plastics]

Minnesota Rubber and Plastics announced today that it is building a 9,000-square-foot Innovation Center adjacent to its headquarters, northwest of Minneapolis in the suburb of Plymouth.

The company envisions a place for the industry’s materials scientists and engineers to engage in an immersive design-prototype-build-test process. Whether customers engage in person or online, the goal is a game-changing engineer-to-engineer collaboration experience. Architectural plans have been approved. Construction completion is slated for spring 2022.

“We’re excited to show the industry how bringing these processes under one roof will remove weeks from the component development process, resulting in unrivaled production-ready prototyping speed,” said Jay Ward, CEO of Minnesota Rubber and P…

How to choose the right rubber material and process for your medical parts

Creating a medical component with a rubber material requires careful attention to various factors that will affect performance and manufacturability. Material choices and manufacturing options present many trade-offs.

Don Bonitati, Minnesota Rubber & Plastics

Elastomer components image courtesy of Minnesota Rubber & Plastics

The long list of material properties impacting an elastomer component’s performance includes your prospective polymer’s end-use environment, chemical compatibility, hardness, compression set, tensile properties and manufacturability, to name a few. Although the selection process may appear daunting, understanding your application, your material options’ physical and mechanical properties, and the interaction with mating components will go a long way. These key attributes, in conjunction with understanding volume ramp schedules, will drive the proper manufacturing processes…

Minnesota Rubber and Plastics acquires Pawling Engineered Products

Minnesota Rubber and Plastics — maker of engineered elastomers and thermoplastics for the medical, water and industrial markets — announced today that it has acquired Pawling, N.Y.–based Pawling Engineered Products.

The financial terms of the deal were not disclosed.

“We’re thrilled to add Pawling, a company with a 75-year history of supplying unique, highly specialized elastomer solutions for mission-critical applications, to our family, and believe their dedication to superior in-house product design and custom materials formulation is highly complementary to MRP’s capabilities,” said Jay Ward, CEO of Minnesota Rubber and Plastics. “Innovation is at the heart of what we do, and this acquisition comes at an important time in our company’s history, as we’re set to expand and invest in technologies that drive highly differentiated value for our customers.”

Pawling’s products include inflatable seals and clamps, custom compression seals, gaskets, tubing, e…

3 medtech execs make EY entrepreneur finalist list

A trio of Minnesota medtech business leaders has landed on the finalist list for EY Entrepreneur of the Year 2021 Heartland.

Executives from AbiliTech Medical, Minnesota Rubber & Plastics and TSI rank among the 36 finalists from Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. The finalists were selected by a panel of independent judges, according to EY.

Get the full story on our sister site, Medical Design & Outsourcing.