JBC Acquires HST Materials

Chattanooga, TN, March 31, 2022


River Associates Investments (“River Associates”), a longstanding lower middle market private equity firm based in Chattanooga, TN, announced the acquisition of HST Materials, Inc. (“HST”) by its North Ridgeville, OH based portfolio company JBC Technologies, Inc. (“JBC”).

The acquisition closed on March 31, 2022. River Associates and JBC worked diligently to complete its second add-on transaction in approximately three months. Terms of the transaction are not being disclosed.

Based in Elk Grove Village, IL, HST is a die cutter and fabricator of silicone sponge and dense rubber, plastics, films, and 3M tapes. They produce gaskets, seals, molded rubber parts, and many custom-designed elastomer and tape solutions for the OEM market. Their state-of-the-art processes allow for quick samples, prototyping, competitive pricing, and speed to market.

Bringing HST into the JBC fold augments JBC’s already comprehensive converting and inspection capabilities by adding peel adhesion testing and spooling as well as redundant capacity in precision slitting, die-less cutting, and rotary and platen press die cutting. HST and its customer base also benefit from JBC’s extensive stable of high-speed state-of-the art rotary die cutting equipment and clean room processing capabilities.

“We are thrilled to welcome the team at HST Materials into the JBC family. The HST Team has a strong reputation of providing world-class customer service and technical expertise, which is a great fit with JBC’s competitive advantage of manufacturing excellence, engineering innovation, and supply chain optimization,” said JBC CEO Todd Wright.

Kathy Miller, the former owner of HST, commented, “We are pleased to partner with JBC Technologies. Eric and I are happy to know that HST Materials will continue to grow and provide the level of service and experience that our many loyal customers have received for over three decades.”

River Associates and the management team at JBC continue to seek complementary strategic acquisition partners for the company. For more information, reach out to Mark Jones.


Founded in 1988, JBC is a full-service provider of custom-engineered die cut solutions utilizing a wide range of flexible and specialty materials and converting processes. JBC’s processing capabilities include flatbed, rotary, digital, and matched metal die cutting, prototyping, hot roll, and cold pressure laminating, slitting, sheeting, embossing, micro perforating, surface treating, and more. JBC serves hundreds of customers worldwide, including blue-chip OEMs and tier suppliers, utilizing Fortune 100-level quality systems and processes to ensure Manufacturing Excellence. JBC is headquartered in North Ridgeville, OH, with additional manufacturing facilities in Madison, WI, and Northglenn, CO. To learn more, please visit jbc-tech.com.


An ISO 9001:2015 certified 3M™ Preferred Converter, HST Materials, Inc. has been providing custom die-cut sponge, rubber, and acrylic foam tapes for customers in diverse industries since 1987. To learn more, please visit hstmaterials.com.