Published on : Sep 03, 2014
Quadion LLC, which operates under the business name of Minnesota Rubber & Plastics have a new CEO to lead the team. The company recently appointed Marlin Braun, as their CEO. He will succeed Jim Lande, who served as a CEO at Quadion since 1985.
Braun comes with a 30 years of experience in the technology manufacturing sector, which is inclusive of materials and original equipment manufacturing. He was recently appointed as the Chief Operating Officer by Minnesota Rubber & Plastics. The Board is counting not just on Braun’s experience, just his grand vision for the company too.
Braun plans to revise the focus of the company by 2015 with help from Northwest Equity Partners. He added that the firm will be focusing on four important markets of fluid power, medical, fluid delivery, and transportation/automotive. The biggest challenging in catering and capturing these markets would be coming up with solutions problems that are important to functioning in taxing environments of chemical attack, temperature, friction and wear.
According to Braun the company will continue investing in Chinese, European, Mexican, and U.S. facilities to serve the regional customers. As many customers are moving to Mexico with their manufacturing facilities, Minnesota Rubber & Plastics is gearing up for a huge investment in the region. The Mexican facility will get a facelift by the end of 2014 or early 2015. The investment is valued between $4 million-$5million.
In addition to these plans, Minnesota Rubber & Plastics will look into more acquisitions. It will first target firms which have similar performance capabilities. The other types of firms it will look into is technology related, especially those which have expertise such as material technologies or the ones which deal with material that Minnesota R&P doesn\'t at the moment.