Custom sealing solutions provider Marco Rubber & Plastics has acquired American Seal & Packing, a distributor of specialty O-rings, seals, gaskets and vee packing with a focus on specialty graphite-based products, according to a news release.
Financial details were not announced.
AS&P serves over 750 customers across aerospace, utility, oil & gas, chemical and wastewater end-markets, primarily through its online distribution platform. AS&P was founded by David Steadman in 1989, who will remain involved to “ensure a successful transition,” according to the release.
“We are thrilled to join forces with Marco, a market leader that shares AS&P’s vision of delivering high quality products and customer service, and that recognizes the potential of e-commerce in our industry,” said Steadman.
The addition of AS&P is expected to expand Marco’s product depth and customer base while “providing incremental growth opportunities across existing end-markets.”
“AS&P has a long-standing and active online presence that fits well with Marco’s digital strategy,” said Marco CEO Marty Daley. “Further, AS&P’s complementary product offering enhances our ability to continue delivering a broad set of value-added products and services to our growing customer base. We are excited to partner with Dave and the AS&P team through this next phase of shared growth.”
Align Capital Partners acquired a majority stake in Marco Rubber & Plastics in February 2020 and has since completed five strategic add-ons.