Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Quality Synthetic Rubber, Inc. (QSR), a leading provider of custom molded synthetic rubber components, to Lexington Precision Corporation (Lexington), a portfolio company of Industrial Growth Partners (IGP). QSR was a portfolio company of Blue Point Capital Partners (Blue Point). Harris Williams & Co. acted as the exclusive advisor to QSR. The transaction closed on July 26, 2012 and was led by John Neuner and Darwin Olympia from the firm’s Diversified Industrials (DI) Group, Joe Conner from the firm’s Transportation & Logistics (T&L) Group, and James Clark and Paul Hepper from the firm’s Healthcare & Life Sciences (HCLS) Group.
“Blue Point and QSR’s management team have done a tremendous job building, both organically and through acquisition, the leading precision molded elastomeric components company serving the medical device and electrical connector seal markets,” said John Neuner, a managing director of Harris Williams & Co. “We believe the combination of QSR and Lexington brings together complementary technologies and capabilities that will enable management to continue to expand its customer partnerships as well as further its domestic and international growth across each of its core medical, industrial and automotive end markets.”
With operations in the U.S. and China, QSR is a leading global manufacturer of highly engineered, precision molded elastomeric components for use in a broad range of medical and electrical connector applications. Through its industry-leading design and engineering expertise, internal tooling capabilities and broad range of high consistency rubber and liquid injection molding capabilities, the company has established itself as an extension of its customers’ design and development teams. These customers rely heavily on QSR for products that are a small portion of the end product cost, but are critical to end product performance.
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