Gallatin, Tennessee - Rubber lining expert Linatex Corp. of America is to acquire Durex Products Inc., which makes rubber, urethane and wire-cloth screens and polyurethane and rubber wear parts for the mining sector.
Together, the two businesses will offer customers an extensive range of lining products, for materials processing in hard-rock mining, sand and aggregates, said a 6 Nov statement from Linatex.
No financial details of the transaction were given by the companies.
Linatex said both companies focus on products for mineral processing and maximum wear resistance. Such an approach, claims the group, "delivers optimum throughput," at significantly lower maintenance costs.
"Durex Products and Linatex have a natural fit," commented Greg Caddle, president of Linatex Corporation of America, based in Gallatin. Durex's products for screening and wear combined well with the broader Linatex product range using "our unique and extreme-wear rubber compounds," Caddle added, in the 7 Nov company announcement.
"Together the two companies enjoy financial stability. Globally Linatex has seen tremendous growth and has established an impressive list of customers, and the reputation of Durex products is unsurpassed," the Linatex president continued.
Neil Macleod, ceo of Linatex said the "combined expertise and broader product and service capability will significantly expand our customer base and opportunities for growth." It also helps position Linatex for global and local growth, Macleod added.
Once the transaction is complete, Luck, Wisconsin-based Durex Products will be integrated into the Linatex operations through a joint team from both companies, said Linatex. The company did not say whether any production reorganisation would follow.
Linatex's products include its special natural rubber (NR) designed for highly abrasive wear environments, plus other parts for materials processing.
Durex Products makes screening media and wear-parts for the aggregate, mining, asphalt and concrete industries.
Linatex was established in Malaysia in the 1920s to make wear-resistant NR parts for the mining sector, and "revolutionised the concept of industrial wear designs and solutions, claims the group. As a result of its history, Linatex's global headquarters is in Batu Caves, Selangor, Malaysia.
Pic: One of PT Tambang Timah's tin mines off the Sumatran coast, which uses Linatex products