MTI Acquisition press release
Desco Completes Add-on Acquisition
Bellofram Corporation Adds Silicone Product Manufacturer
Type: Add-on acquisition for Bellofram Corporation
Location: Milton, Florida
On April 20, 2010, Desco Corporation acquired selected assets of MTI Global Inc. (“MTI”). With a strong cash position and no need for outside financing, Desco Corporation moved quickly to acquire MTI’s Milton, Florida operations as an add-on for Bellofram Corporation Inc. (“Bellofram”), one of Desco Corporation’s subsidiary companies. Bellofram, located in Newell, West Virginia, specializes in highly engineered rubber products and also has operations in the UK, India and China.
MTI’s Milton, Florida operation designs and produces high performance materials that provide application solutions to the Mass Transportation and Aerospace industries.
- Designs, develops and manufactures custom-engineered products using silicone and other cellular materials.
- Three main product categories: Silicone, Aerospace and Fabricated Products.
- Specialty brands include: Silicone Sponge MagniCell, Solid Silicon MagniQ and Reinforced/Non reinforced Silicone Hose MagniPly.
- Differentiates itself through custom-engineering solutions and an industry-leading level of customer service.
The purchase of MTI’s assets fits within the core strategy of both Desco Capital and Desco Corporation. Desco Corporation will be leveraging the operational expertise of the senior management team at Bellofram in order to realize the full synergy potential of the acquisition.
Bellofram Corporation (www.marshbellofram.com)
In 1950, Bellofram introduced the first rolling diaphragm product, which was then adapted to a wide variety of industry applications. Since that time, billions of diaphragm products have been used across the globe. Bellofram has one of the world’s largest diaphragm production capacities, with 150 molding presses and 160,000 square feet of manufacturing space. Bellofram’s product lines have over 40,000 standard sizes, ranging from ¼” to 32” diameters. A wide selection of elastomers, reinforcing fabrics, and custom material formulations satisfy virtually all specified operating environments. Bellofram’s products are used for pumps, valves, actuators, and regulators, medical, pharmaceutical, aviation, aerospace, agricultural, water conservation & purification, automotive, marine, and general industrial purposes. Bellofram has its own engineering & design staff and tool & die shop to fully support all aspects of the business.