Ripley, Mississippi & San Ramon, California; February 17, 2021 – Elite Elastomers, Inc., a specialty rubber compounder, today announced it has entered into a definitive agreement to sell its Mississippi rubber compounding assets to DestinHaus Capital, a private equity investment firm focused on the advanced materials and industrials sectors. Elite Elastomers has 20 years of experience partnering with customers to develop customized, highly specialized rubber formulations for demanding applications in the industrial, automotive, and oil and gas markets.
“I believe this transaction will drive a new phase of growth at Elite Elastomers, building on the decades of work our team has put into building this company. I look forward to working with DestinHaus Capital, a firm with strong business building experience, to support the long-term growth of this business and be an even stronger partner for our customers,” commented Steve Glidewell, Founder and President of Elite Elastomers.
“We have followed Elite Elastomers for several years and have been impressed by the company’s technical expertise and strong relationships with its customers,” said Murli Nathan, Co-Founder and a Managing Partner of DestinHaus Capital. “We are excited to leverage our business building experience and innovative approach to growth in order to enhance Elite’s capabilities and enable the company to deliver even better mixing services to its customers.”
About Elite Elastomers
Elite Elastomers is a specialty rubber compounder that uses its deep technical expertise to go beyond traditional custom mixing. Since its founding in 2001, Elite Elastomers has developed a reputation for excellence in rubber compound development and currently serves customers throughout the Southern and Midwestern United States. Elite Elastomers is headquartered in Ripley, Mississippi. For more information, please visit https://www.eliteelastomers.com.
About DestinHaus Capital
DestinHaus Capital is a private equity investment manager with deep experience in the specialty chemicals and industrials spaces. Founded in 2018, DestinHaus Capital partners with small and medium-sized business in North America to implement strategic value-creation initiatives, drive innovation, and make value-enhancing acquisitions. The firm has offices in San Ramon, California and Tokyo, Japan. For more information, please visit https://www.destinhauscapital.com.