Newmarket Headquartered AirBoss, Flexible Products Have Great Success Since Purchase

Timing is everything.

When AirBoss of America Corp. purchased Auburn Hills-based Flexible Products Co. for $51 million from the Reid family in late October 2013, it proved to be an extremely astute move.

Both companies have made out well thus far.

Flexible Products is growing steadily and plans to add more machinery and boost capacity this year. Its vibration control products are used by most of the top automakers, tier 1 and tier 2 suppliers in North America, both domestic and transplant, and the company is looking to expand further globally, said Doug Reid, who remained as president of AirBoss Flexible Products after the deal closed.

AirBoss was able to branch out and become even more diversified with Flexible Products in the fold. The addition gives AirBoss another growth platform with a strong presence in the rubber compounding; engineered products, including defense and first response; and automotive sectors.

Source: www.crainsdetroit.com