Rubber tank linings manufacturer Blair Rubber and its sister company, roofing and waterproofing company Hyload Inc., have acquired Smithville, Ohio-based Elastikote LLC’s brand and assets.
While the companies are not direct competitors, they do operate within related areas of the roofing and waterproofing industries.
Elastikote is a designer and supplier of solvent-based roofing and below grade waterproofing systems. Blair Rubber is a leading global supplier of rubberised tank linings, and Hyload Inc., manufactures thermoplastic membranes for the roofing industry, in addition to related waterproofing and wall flashing membrane products. Blair Rubber and Hyload are part of the IKO Group of companies, a world leader in the roofing and waterproofing industry.
“We are tremendously excited about the acquisition of the well-respected Elastikote brand,” stated David Jentzsch, General Manager for Blair & Hyload. “Elastikote’s products and knowledge base will allow us to expand our product offerings, providing an even greater range of options to our customers.”
The Elastikote operations, along with its workforce will be retained as part of Blair/Hyload, and will be relocated 20-30 miles west to Blair Rubber’s Seville Ohio manufacturing plant.
“Our ability to retain the knowledge and expertise of Elastikote’s workforce will be a tremendous asset for us as we look to integrate their products and technology into our own operations,” stated Jentzsch. “We’re pleased to have them joining the Blair/Hyload family.”