LTI Flexible Products and Boyd Corporation Merge

LTI Flexible Products and Boyd Corporation announced July 26th, 2011 their merger, which creates a global leader in precision industrial components. The new LTI Boyd offers the industry's most comprehensive set of engineered rubber, plastic, metal, and flexible environmental sealing products and services for businesses, with a commitment to providing customers with the lowest total cost of ownership.  The combined company has the #1 position in North America Heavy Duty Trucking, as well as leading global positions in Electronics, Recreation Vehicle, Agriculture Equipment, Construction Equipment, Aerospace, and Industrial market segments.

Mitch Aiello, President and CEO of Boyd Corporation, serves as President and CEO of the new LTI Boyd.

“This merger accelerates our growth strategies and positions us to win by offering expanded capabilities and even greater value to our customers and partners," said Aiello. "In addition to the clear strategic benefits of combining two highly complementary organizations and product families, we can create substantial value through access to new growth opportunities. At a particularly dynamic time in the global economy, this combination vaults us into a leadership role with customers and supply partners, and together we will shape the industry for years to come."

The merged entity is financially sponsored by Sentinel Capital Partners and is headquartered in Modesto, CA.

The new LTI Boyd is structured around internal rubber and plastic extrusion capabilities, as well as internal fabricating and supply chain management expertise.

For more information, contact Amie Jeffries at LTI Boyd, ajeffries@boydcorp.com, 209.236.1111.