FOR IMMEDIATE RELEASE

CRANSTON, R.I., APRIL 18, 2019 – Mearthane Products Corporation (MPC), a Rhode Island-based manufacturer of customized polyurethane and metal products, announced today that it has completed the acquisition of Morris & Broms, LLC (M&B), a provider of precision stamping and sheet metal fabrication services based in Cranston, Rhode Island. The purchase of M&B follows the company’s acquisition of Creative Urethanes Inc. of Winchester, VA, in October 2018 and marks MPC’s fourth acquisition in 2 years.

M&B’s expertise in precision forming and stamping has made it a key supplier to a wide range of markets such as defense, electronics, point-of-sale displays, and medical devices. “We are delighted to bring this respected and longstanding Rhode Island company into the MPC family. Their 64 years of expertise in metal stamping and sheet metal processing is well known in New England,” said Pete Kaczmarek, President of MPC. “Their capabilities fully complement our current metal machining services to better serve existing customers and expand into new markets.” M&B will join MPC’s Elmco Tool Co. to create the new MPC Precision Metals division. M&B’s operations will remain in its current Cranston, R.I. location.

Mark Chase, a 30-year veteran of MPC, will become the General Manager of the new MPC Precision Metals business. Mr. Chase has had leadership roles in a wide variety of functions at MPC, including Operations, Supply Chain, and Customer Service. Mr. Chase remarked: “I’m honored to welcome the M&B team into the MPC Precision Metals family. They have tremendous pride and expertise in their work and are well-respected by their customers. Combined with Elmco Tool, our machining capabilities make us more valuable as a one-stop shop for existing and new customers. M&B’s ISO-9001 certification, ITAR registration, and designation as a Veteran-Owned Small Business (VOSB) are all of great importance to our defense industry customers too.”

About Mearthane Products Corporation (MPC)

Mearthane Products Corporation (MPC) (www.mearthane.com) is a global technology leader in the development and manufacture of advanced polyurethane and metal components. Building on over 50 years of formulation and processing experience, MPC partners closely with customers to develop innovative solutions to their toughest challenges in media handling, defense, fitness and recreation, medical devices and a wide variety of industrial and consumer applications worldwide. MPC’s products are made in the USA and shipped all over the world, leading to its award in 2017 as the Exporter of the Year for Rhode Island by the US Small Business Administration. MPC is proud to be a Veteran Owned Small Business (VOSB), and certified to ISO-9001:2015.

About Morris & Broms, LLC

Established in 1954, Morris & Broms specializes in full-service precision sheet metal fabrication, metal stamping and machining. M&B’ ability to combine multiple metal manufacturing processes offers customers with a “one-stop” purchasing experience for the defense, medical device and electronics industries. M&B’s operations are ISO-9001:2015 certified and are ITAR registered.