Des Plaines, Illinois -- Finzer Roller Inc. has purchased the assets of S.I. Industries Inc. to expand its rubber roller manufacturing capabilities and geographic presence in the U.S.
A maker of rubber, polyurethane and silicone rollers, S.I. operates a 30,000-sq.-ft.(2787m) plant in Blaine, Minnesota, and a 9,000-sq.-ft. factory in Commerce, Colorado. Both are part of the acquisition, according to John Finzer, CEO of the Des Plaines-headquartered company. Terms of the deal weren't disclosed.
"Due to our customers' delivery expectations and transportation costs, it was difficult for Finzer Roller to compete in Minnesota and Colorado and the surrounding states," he said. "The addition of two S.I. locations with their experienced personnel will allow Finzer Roller to be very competitive in these regions of the US."
He said the company's strategic goal is to expand its reach across the U.S. and the purchase helps to separate Finzer Roller from its competition.
This story first appeared in Rubber & Plastics News.