Hi-Tech Rubber, Inc. (www.hi-techrubber.com), a platform company jointly owned by Century Park Capital Partners, Red Diamond Capital, and management, recently completed the add-on acquisitions of A.C. Hoffman Engineering, Inc. and Inland Technologies, Inc. Based in Anaheim, California, Hi-Tech is a leading molder of precision elastomeric components, manufacturing complex, difficult-to-mold parts for critical customer applications in the medical device, technology and industrial sectors.
A.C. Hoffman Engineering, located in Riverside, California, manufactures precision molded rubber components for medical and commercial customers. Hi-Tech Rubber is currently completing construction of a second manufacturing facility, also located in Riverside, California. Upon completion of this 50,000 square foot plant, the operations of A.C. Hoffman will be integrated into the new facility. The new manufacturing operation will offer state-of-the-art clean room molding capabilities for customers in the medical industry.
Inland Technologies is a leading molder of precision injection molded thermoplastic components for customers in the medical and industrial segments. Operating clean room molding facilities with plants in Fontana, California and Creedmoor, North Carolina, Inland offers a wide range of services, including product and tooling design, mold fabrication, injection molding and assembly. By combining forces, Hi-Tech and Inland can offer customers integrated design, molding and assembly services for components and sub-assemblies that use both rubber and plastic parts.
Red Diamond and Century Park are committed to supporting Hi-Tech’s growth through sales force expansion, investment in new manufacturing facilities and strategic acquisitions. Hi-Tech continues actively to pursue add-on acquisitions of other molders of rubber products, thermoplastic injection molding operations, and fabrication and assembly businesses serving the medical device industry.
Century Park Capital Partners (www.centuryparkcapital.com) is a Los Angeles-based private equity firm that partners with owner/managers to build successful companies. The firm specializes in facilitating owner liquidity and business expansion by providing $10 million to $50 million equity investments for minority and majority recapitalizations, growth financings, management-led buyouts and acquisition financings.