Duramax Marine has acquired the marine bearing, dock fender, and marine bumper business assets of Morse Rubber.
Neither the facilities or employees were included in the transaction.
All tooling, inventory, and equipment related to the marine business will be moved to Duramax Marine facilities in Ohio.
Morse Rubber’s marine business is the second acquisition for Duramax Marine in the marine bearing and impact protection markets.
In 1996, Duramax Marine purchased the marine bearing division of B.F. Goodrich, which expanded its market share and product offerings.
“We are excited to add the Morse Rubber marine products and customers to our business,” said Brian Fink, president and CEO of Duramax Marine.
Our team is poised to transition production to our factories.
Brian Fink
“We are pleased that we can keep American-made products with a long, proud history in the USA.
“Our employee-owners look forward to providing excellent quality, service, support, and value to the many Morse customers around the world.”
Morse products include water-lubricated bearings for the marine and industrial markets, extruded rubber fenders, PushNee bumpers, modular fenders, moulded buckling and shear fenders, cell fenders, and arch fenders.
“With decades of experience in the same markets, our team is poised to transition production to our factories and help customers with applications, engineering, and commercial support,” added Brian.
The transition is expected to be completed by year-end 2024.
Duramax Marine was founded in 1895 in Middlefield, Ohio. The company has been 100% employee-owned since 2012.
It operates two manufacturing facilities in Ohio and conducts business globally.
FLSmidth Group acquired Morse Rubber in 2023.
Duramax Marine serves the military, commercial and recreational marine markets.
