RectorSeal acquires specialty plumbing products manufacturer
Deal is the second transaction with key personnel.
January 12, 2015
RectorSeal Corp. acquired selected assets and the SureSeal brand from SureSeal Manufacturing (SSM) of Tacoma, WA, on January 2. SSM manufactures and distributes SureSeal waterless floor drain trap seals. Moving forward the company will be known as Specialty Plumbing Products Manufacturing LLC (SPP).
“SureSeal is established as the premier brand in this category, therefore it’s a natural fit that provides RectorSeal with an outstanding growth opportunity.” said David Smith, president, RectorSeal, Houston, TX. The SSM product line consists of ASSE-1072-certified SureSeal floor drain trap seals (also known as waterless trap primers) and two soon to be released products.
“We are excited to expand our relationship with RectorSeal, because they have the industry connections, distribution network, and organizational resources that are key to taking SureSeal to the next level and beyond,” said Kevin Huber, senior vice-president − business development of SPP.
The SureSeal acquisition is the second transaction between RectorSeal and the team responsible for creating SureSeal, Don Huber, vice president of manufacturing and product development, and Al Stakset, who has since retired. Huber and Stakset co-invented the Hubsett product line of test couplings that was sold to RectorSeal in 2001. SPP will continue manufacturing the product line for RectorSeal from its Tacoma production facilities. SureSeal’s former national sales manager, Rick Ensley will administer the brand from RectorSeal’s Houston headquarters as its product line manager. The acquisition also contracts both Hubers and Jorge Duque, CFO, to remain in three-year-long advisory roles. SureSeal will continue to be sold through traditional wholesalers and is now supported by RectorSeal customer and technical support departments at 800-231-3345.
A portfolio company of investment group Capital Southwest Corp. in Dallas, TX, RectorSeal has actively acquired other companies and brands in the last four years. Acquisitions include: Airtec, a conglomerate of brands that include Aspen Pumps, Fortress and Big Foot Systems; AquaGuard condensate management float switch product line, and Goliath and Titan brands of plastic condensate overflow pans from Resource Conservation Technologies (RCT); Glue-On-Nozzle (G-O-N) a nickel-bronze downspout product line for commercial building roof drains; and most recently, Australian-based Evolve Group’s Evo-Crete and PolySlab brands.