AUSTIN, Texas—All-State Industries, Inc., a Des Moines, Iowa-based provider of non-metallic components for OEMs across a diverse set of end markets, recently announced its acquisition of United Gasket Corp., a manufacturer of custom non-metallic components, including adhesive-backed gaskets, felts, and other flexible parts.
All-State Industries is a portfolio company of Blue Sage Capital. The company was founded in 1974 and has a demonstrated history of partnering with its customers to design and manufacture solution-oriented products used for sealing, acoustics, thermal management, motion control, instrumental panel, and impact absorption applications, the company said in a release.
United Gasket and its subsidiary, Gaskoa, Inc., have a long history of serving a diverse range of industries, including electronics, rail, non-engine auto, HVAC, pumps, and lighting, the release stated.
“We are very excited to welcome United Gasket into the All-State family, as Mark and team have built an exceptional business that is poised for continued growth,” said Scott Pulver, CEO of All-State Industries, in the release. “With the addition of United, All-State will now have a broadly diversified die-cut operation with the ability to handle the full spectrum of size, volume, and material types that allow us to better service our existing customer base and pursue growth in new, untapped markets.”
Mark Pahios, CEO of United Gasket, said that All-State is the exact partner that the company had been seeking. Pahios will continue to lead the United Gasket division as part of the All-State platform.
“We take great pride in servicing our customers, and this partnership will allow us to provide even more value through the full range of All-State’s nonmetallic solutions,” Pahios said in the release.
The transaction marks the fourth acquisition All-State has completed since partnering with Blue Sage in 2019. The combined business will reportedly be one of the largest providers of non-metallic components in its markets, with 14 facilities across the United States and Mexico.
“United Gasket is another excellent addition to the All-State platform as it enhances the existing die cutting capabilities and provides access to attractive, adjacent end markets,” said Jonathan Kaskow, partner at Blue Sage Capital, in the release.
Peter Huff, managing member at Blue Sage Capital, said, “All-State has become the acquirer of choice within the fragmented landscape of non-metallic component providers. We look forward to continuing to support the company through its growth.”