Divestiture • Manufacturing

Innova Engineered Plastics Acquires Mearthane Products - Reaction Injection Molding

On April 22, 2025, Innova Engineered Plastics acquired manufacturer Mearthane Products - Reaction Injection Molding from Mearthane Products

Acquisition Context
  • This is Innova Engineered Plastics’ 1st transaction in the Manufacturing sector.
  • This is Innova Engineered Plastics’ 1st transaction in the United States.
  • This is Innova Engineered Plastics’ 1st transaction in Rhode Island.

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M&A Deal Summary

Date April 22, 2025
Target Mearthane Products - Reaction Injection Molding
Sector Manufacturing
Buyer(s) Innova Engineered Plastics
Sellers(s) Mearthane Products
Deal Type Divestiture

Target Company

Mearthane Products - Reaction Injection Molding

Cranston, Rhode Island, United States
Mearthane Products' Reaction Injection Molding assets include advanced hydraulic molding presses and RIM dispensing systems, enabling the production of large, complex, and durable components. Mearthane Products' Reaction Injection Molding assets are based in Cranston, Rhode Island.
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Buyer Overview 1

Buyer

Innova Engineered Plastics

Shirley, Massachusetts, United States

Category Company
Founded 1976
Sector Plastics
DESCRIPTION

Innova Engineered Plastics provides design, development, and manufacturing of heavy-gauge plastic enclosures for the medical, diversified industrial, and high-tech industries. Innova Engineered Plastics was founded in 1976 and is based in Shirley, Massachusetts.


Deal Context for Buyer #
Overall 1 of 2
Sector: Manufacturing 1 of 1
Type: Divestiture 1 of 1
State: Rhode Island 1 of 1
Country: United States 1 of 2
Year: 2025 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-02 PolyCraft Tech

Poway, California, United States

PolyCraft provides a wide variety of complex precision custom plastic parts. The company offers very large enclosures for tiny parts with finite precision features. PolyCraft is based in Poway, California.

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Seller Profile 1

SELLER

Mearthane Products

Cranston, Rhode Island, United States

Category Company
Founded 1965
Sector Manufacturing
DESCRIPTION

Mearthane Products is a manufacturer of custom formulated and fabricated open-cast, thermoset polyurethane components. Recognized as a pioneer in the development of polyurethane rollers for copiers, Mearthane Products is a key supplier for manufacturers in the business machine, industrial, recreational, and military/defense industries. Mearthane Products was founded in 1965 and is based in Cranston, Rhode Island.


Deal Context for Seller #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Divestiture 1 of 1
State: Rhode Island 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Creative Urethanes

Winchester, Virginia, United States

Creative Urethanes is a custom molder of polyurethane elastomers. Since 1970 Creative has been employing its casting and Reaction Injection Molding (RIM) technologies to manufacture rigid, flexible, solid or foam polyurethane components for diverse applications. Creative’s products are made at its facility in Winchester, Virginia.

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