Quality Synthetic Rubber sold to Lexington Precision

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Monday, July 30, 2012
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& t% k+ _- j# v* ^/ o9 P' h: ZRichmond, VA - Harris Williams & Co. announced the sale of Quality Synthetic Rubber, a leading provider of custom molded synthetic rubber components, to Lexington Precision Corporation, a portfolio company of Industrial Growth Partners (IGP). QSR was a portfolio company of Blue Point Capital Partners (Blue Point). Harris Williams & Co. acted as the exclusive advisor to QSR. “Blue Point and QSR’s management team have done a tremendous job building, both organically and through acquisition, the leading precision molded elastomeric components company serving the medical device and electrical connector seal markets,” said John Neuner, a managing director of Harris Williams & Co. “We believe the combination of QSR and Lexington brings together complementary technologies and capabilities that will enable management to continue to expand its customer partnerships as well as further its domestic and international growth across each of its core medical, industrial and automotive end markets.” With operations in the U.S. and China, QSR is a leading global manufacturer of highly engineered, precision molded elastomeric components for use in a broad range of medical and electrical connector applications. Headquartered in North Canton, OH, Lexington is a leading manufacturer of precision-molded rubber components with products serving the medical and automotive markets. Lexington’s medical products include seals used in laparoscopic surgical devices and components for medication delivery systems, and its automotive products are principally insulators used in automobile ignition systems. Lexington’s engineering center in North Canton, a key asset of the company, designs, develops and builds proprietary molds and automation equipment that are used in its molding facilities in Jasper, GA, and Rock Hill, SC. -