Preferred Compounding Acquires Mixing Business in Mexico
BARBERTON, Ohio, July 13, 2012 /PRNewswire/ -- Value-added custom mixer Preferred Compounding has been growing organically since 2009. Now it is expanding south of the border by acquisition.
Company executives announced today they have purchased JevsaMex, the Mexican compounding operation of Iacp Jevsa of Barcelona, Spain. The 66,000 square-foot facility is in the city of San Luis Potosi in central Mexico. The plant is operating and JevsaMex's former customers in Mexico are now being served by Preferred Compounding de Mexico.
"For several years we've heard from our U.S.-based customers that they want us to fill their needs for high-quality custom compounds in Mexico," said Preferred Compounding Chief Executive Officer Ken Bloom. "The central location of this established mixing operation between Mexico City, Guadalajara and Monterrey provides an excellent platform for doing so."
The San Luis Potosi plant will be managed by Scott Lieberman, a rubber compounding industry veteran with experience working in Mexico. Lieberman will be working the next few months to ensure the facility is in line with Preferred' s operational, quality and performance standards.
"Expanding into Mexico is a natural growth step for us," said Bloom. "Over the past five years we've worked hard to improve every dimension of how we serve our customers with consistent quality custom compounds. Thanks to them, we've grown significantly as a result. We're looking forward to integrating the San Luis Potosi facility into our capabilities."
"We are currently making compounds in the plant and we are looking to expand business in Mexico at a steady rate," said Lieberman, general manager, Preferred Compounding de Mexico, and vice president of strategic initiatives for Preferred Compounding.
"The acquisition gives us an operating mixing facility and a trained work force in the heart of Mexico's industrial area," said Lieberman. "We will be a full-service, high quality and high value-added custom compounder for companies using rubber and elastomers in Mexico."
About Preferred Compounding
Preferred Compounding (www.preferredperforms.com) supplies proprietary and custom mixed rubber compounds to molders, extruders, mixers and others in the rubber goods market. Primary industries served are automotive, construction, power generation and roll goods. Plants are in Tallapoosa, Georgia, Huntingdon, Tennessee, Fruithurst, Alabama, San Luis Potosi, Mexico and Barberton, Ohio, which is company headquarters. Preferred is a Wingate Partners (www.wingatepartners.com) company.
Media contacts
Jerry Pignolet, Power Marketing/PR: 440-527-0446, [email protected]
Joe Hudson, vice president, sales and business development, Preferred Compounding: 330-798-4960, [email protected].
SOURCE Preferred Compounding
Share this article