XLCS Partners, Inc., a middle market investment bank, announced that it served as exclusive advisor to HST Materials in its sale to JBC Technologies, a portfolio company of River Associates.
JBC – formerly HST Materials – is an ISO 9001:2015 certified material converter and precision die-cutting specialist (including for seals and gaskets) with more than 35 years in business.
Headquartered in North Ridgeville, Ohio, JBC is a full-service, vertically integrated ISO 9001:2015 certified 3M Preferred Converter with cleanroom processing capabilities. The acquisition strategically expands JBC’s geographic footprint while adding market presence in the automotive and off-road transportation sector.
HST Materials has a strong track record of providing OEMs and Tier suppliers with quality die-cut, extruded, and molded seals and gaskets.
Based in Elk Grove Village, Illinois, HST is a custom fabricator and converter of non-metallic materials including sponge, dense rubber, plastics, and films. The company is also a 9001:2015 certified and a 3M Preferred Converter, serving a wide network of OEMS since 1987.
Bringing HST into the JBC fold, augments JBC’s already comprehensive converting and inspection capabilities by adding peel adhesion testing and spooling, as well as redundant capacity in precision slitting, dieless cutting, and rotary and platen press die-cutting. It also brings the benefit of JBC’s extensive stable of high-speed rotary die-cutting equipment and cleanroom processing capabilities to the HST customer base.
XLCS acted as the exclusive M&A advisor to HST and the transaction was led by Bob Contaldo, Managing Partner and Eric Schoendorf, VP. The transaction was completed on March 31, 2022.
Filed Under: Seals • gaskets • O rings