New York, NY (March 15, 2016) – Axil Corporation d/b/a Itran Precision Rubber (“Itran” or the “Company”) of South Plainfield, NJ has been acquired by Acme Machell Company, Inc. of Waukesha, WI. Sperry, Mitchell & Company, Inc. initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to Itran.
Itran Precision Rubber (www.itranrubber.com) is a manufacturer of custom molded rubber products. The Company specializes in niche, low-volume components with unusual or complex manufacturing requirements. Itran’s portfolio of end-to-end services includes new product design assistance and engineering, in-house tooling, prototyping, and custom formulation, injection and compression molding, rubber-to-metal bonding, and specialized finishing and assembly. Key end markets include fluid handling, recreational marine, aerospace and defense, and electrical.
Acme Machell Company, Inc. (www.acmemachell.com) is a manufacturer of custom molded rubber products such as boots, grommets, seals, and other highly-engineered components. Specializations include material development, tooling design, insert molding, overmolding, and value-added assembly.
Sperry, Mitchell & Company, Inc. (www.sperrymitchell.com) is an investment banking firm specializing in middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $10 to $500 million.