AUSTIN, TEXAS and CINCINNATI, OHIO (November 22, 2013). Austin Rubber Company LLC (“Austin Rubber”) and ILSCO announced today the formation of a manufacturing partnership to support the growth of Austin Rubber’s business producing high-quality recycled rubber, APX™. Austin Rubber, a leader in high-quality recycled rubber compounds, appointed ILSCO to its Advisory Board as Manufacturing Advisor, and ILSCO has made a strategic investment in Austin Rubber. In its advisory role, ILSCO will provide Austin Rubber with support in developing its first commercial scale manufacturing plant, including operations, logistics and human resource advisory support. As part of the new relationship, Austin Rubber and ILSCO also announced that Austin Rubber will locate its first commercial-scale plant at ILSCO’s facility in Greenville, PA.
“This partnership with ILSCO is an important milestone for Austin Rubber as we head towards large commercial scale production,” said Fitz Lee, Austin Rubber’s founder and President. “We admire ILSCO’s long-standing reputation as a U.S.-based manufacturer and industry leader. Austin Rubber looks forward to receiving the benefit of ILSCO’s deep experience in manufacturing, operations and logistics to bring our solution for high quality scrap rubber recycling to the global market,” he added.
ILSCO’s President, Andrew Quinn, said, “We have been following the development of Austin Rubber for some time and believe they will cause rubber product manufacturers to change their view of recycled materials from a marketing gimmick to a core part of product design.” He continued, “As a manufacturer myself, I appreciate that Austin Rubber’s ability to deliver a quality product will make them a disruptive force in the marketplace, and we are excited to be part of the business at this important stage of growth.”
About Austin Rubber Company LLC
Austin Rubber Company LLC, is a privately-held company that manufactures high quality devulcanized rubber compounds. Austin Rubber’s product, APX™, is a substitute for virgin natural and synthetic rubber compounds. The company is headquartered in Austin, Texas with operations in Manhattan, Kansas and a pilot plant in New Orleans, Louisiana.
About ILSCO
ILSCO is a privately-held, American-owned electrical connector manufacturing company. The Company’s mission is to bring product innovation and exceptional customer service to the marketplace while it grows and evolves as an independent global leader in the electrical industry. ILSCO serves the following markets in the electrical industry: OEM’s, MRO’s, Utilities, Construction & Industrial (C&I), Residential, Telecom as well as Renewable Energy. The Company, which was established in 1894, is headquartered in Cincinnati, Ohio with facilities in the United States, Canada and Mexico.
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