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Grafoid Inc announced an agreement to acquire a global leader in the design, development and production of specialty elastomeric materials and products, Ames Rubber Corporation, of Hamburg, New Jersey, Ames’ products are used in defense, automotive, aerospace, personal protection, copiers and printers, and a broad range of industrial applications. The transaction is expected to close in Q2 of 2015.
As quoted in the press release:
Terms of the agreement were not disclosed. The acquisition, subject to certain conditions, is expected to close in the Second Quarter of 2015. The Purchaser was represented by John E. Ursin, Esq. and Sean Monahan, Esq. of Schenck, Price, Smith & King, LLP, of Florham Park and Sparta, New Jersey. The Seller was represented by Lowenstein Sandler LLP, of Roseland, New Jersey.
Ames, established in 1949, is a globally recognized leader in elastomeric materials and processes. It is a winner of the prestigious Malcolm Baldrige National Quality Award and is an AS9100C registered company specializing in the development of materials and processes used to produce elastomeric coatings/protective barriers, dispensed gaskets, moldings and other elastomer products, and is a leading supplier to a diverse range of high technology customers.
A materials innovation company, Ames holds numerous patents for a variety of specialty materials and processes. The company serves customers in the office automation, aerospace, defense, automotive, medical, and other industrial sectors.
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