Edge Rubber announces plant re-opening with new ownership and experienced local management
Over the past week, over twenty employees returned to work at Edge Rubber, a leading producer of fine rubber powders in Chambersburg, Pennsylvania.
On November 10, new ownership working with the local management team in Chambersburg acquired Edge Rubber, and, less than three weeks later, the plant is now producing material and serving its customers again!
The new owners are led by Anzu Partners, an investment firm based in Washington DC, and Sam Kauffman, who previously served as VP & COO, is the new CEO of the business. The combination of strong financial backing and experienced management creates new opportunities for Edge. Anzu Partners is led by a management team with industrial experience across the United States, Asia, and Europe.
The new ownership is showing its commitment to the team and the town. As part of the transaction, the new ownership will establish management ownership shares and an employee profit sharing plan across the workforce. Anzu also acquired the ~30,000 square foot facility where Edge operates on Progress Road.
CEO Sam Kauffman has two decades of experience in the rubber recycling industry, since he first started working in the plant when he was 19 years old. A Penn State alum, Kauffman has overseen the operations of the plant for the past decade, including managing relationships with customers both in the US and internationally.
“We are excited to see the loyalty of our customers returning to us, and we are renewed in our commitment to serve them with the best recycled rubber products available on the market,” declared Kauffman.
“We are committed to growing Edge Rubber and delivering reliably for our customers,” added Whitney Haring-Smith, part of the new ownership team from Anzu Partners.
About Edge Rubber
Through innovation, technology and teamwork, Edge Rubber engineers its fine rubber powders for specific uses in sophisticated applications. With successful operations spanning over twenty-eight years, Edge Rubber’s plant in Chambersburg, PA is the longest standing, most successful facility producing fine rubber powder (also known as fine mesh crumb rubber) in the United States. Edge is the only manufacturer using its proprietary wet-grind technology to produce a premium, fine grade product with special surface characteristics providing recycled content and performance enhancement for the automotive and other industries.
About Anzu Partners
Anzu Partners is an investment firm based in Washington DC. Anzu Partners teams with entrepreneurs and strategic players to transform their industries with investment and insight. The firm invests broadly across a variety of industries, with a focus on industrial innovations.