FOR IMMEDIATE RELEASE

CRANSTON, R.I., February 26, 2020 – Mearthane Products Corporation announced today that it has completed the acquisition of Polyurethane Molding Industries, Inc. (PMI), a provider of Reaction Injection Molding (RIM) and custom part finishing services based in Woonsocket, Rhode Island. The purchase of PMI follows the company’s acquisition of Creative Urethanes Inc., of Winchester, Virginia, in October 2018 and marks MPC’s fifth acquisition in 3 years.

PMI’s expertise in polyurethane Reaction Injection Molding (RIM) and custom part finishing has made it a key supplier to a variety of product designers specialized in medical devices, banking, and electronics. “PMI’s RIM business will expand our existing RIM capabilities to include rigid materials for cabinets, housings and other structural parts, including excellent precision painting and finishing processes,” said Pete Kaczmarek, President of MPC. “Furthermore, PMI brings a new customer base to whom we can now offer a wider range of customized polyurethane solutions.”

With the completion of this acquisition, Len Strapponi, President of PMI, will join the MPC team as Director of Business & Process Development for RIM. Mr. Strapponi has over twenty-five years of experience in the engineering, design, and manufacturing of RIM products. “We are delighted to be part of MPC’s team and look forward to the opportunities this new venture brings to grow our RIM and painting services”. In addition to this transition, Brian Johnson, a long-term PMI leader, will become Operations Manager of PMI’s Woonsocket, R.I. location.

About Mearthane Products Corporation (MPC)

About Polyurethane Molding Industries (PMI)