The Rubber Group Acquires SRRP and Team Products

Chattanooga, TN, March 1, 2024



River Associates Investments, L.P. (“River Associates”), a longstanding lower middle market private equity firm based in Chattanooga, TN, is pleased to announce the successful acquisition of Silicone Rubber Right Products, LLC (“SRRP”) and Team Products, Inc. (“Team Products”) by its Rochester, NH-based portfolio company, Humphrey’s Industrial Products, Inc. (D/B/A “The Rubber Group”). The transaction closed on March 1, 2024, and marks a significant strategic move for The Rubber Group as it continues to expand its presence in the rubber manufacturing industry.

SRRP and Team Products, collectively referred to as the “Companies,” bring with them a wealth of experience and expertise in producing custom rubber molded and extruded products. With SRRP and Team Products joining The Rubber Group, the organization gains access to new markets and enhances its capabilities to serve a broader customer base.

“We are excited for SRRP and Team Products to join The Rubber Group platform,” commented Rob Pruyn, Chief Executive Officer of The Rubber Group. “The Companies have an excellent reputation for providing best-in-class customer service and manufacturing high precision rubber molded and extruded components. The combination enhances our manufacturing capabilities, increases our capacity, and furthers our commitment to providing unparalleled solutions to our valued customers.”

“Joining forces with The Rubber Group is an exciting opportunity for us,” expressed Jorge Lopez, owner and President of the Companies. “I chose to partner with The Rubber Group because of our shared values and vision, seeing the potential to offer new solutions to our existing customers. I am thrilled about the next phase of growth and am committed to staying with the organization to contribute to its continued success.”

Debt financing for the transaction was provided by Bell Capital. River Associates and The Rubber Group management team continue to seek complementary strategic acquisition partners. For more information, please reach out to Mark Jones.

About The Rubber Group: 

Founded in 1986, The Rubber Group manufactures and distributes custom compression and injected molded rubber products, including grommets, bellows, bumpers, seals, and hoses. The company’s products are often used in critical, high cost of failure applications across a broad range of end markets, including medical, oil and gas, general industrial, and transportation. The Company is ISO 9001 certified, ITAR compliant, and FDA registered. More information is available at

About SRRP: 

Based in North Lake, IL, SRRP manufactures and distributes precision rubber molded, extruded and die cut components meeting customers’ short run and high-volume production needs. The company’s commitment to excellence and best-in-class customer service extends across a wide range of industries, including aerospace and defense; food and beverage; and general industrial applications. ISO 9001:2015 and AS9100D certified, SRRP maintains rigorous standards to uphold its reputation for precision and reliability. More information is available at

About Team Products: 

Based in Mount Carol, IL, Team Products specializes in manufacturing custom precision rubber molded and extruded products for a diverse range of industries. The company has a broad capability set and equipment base, with presses ranging in sizes from 6” x 6” to 38” by 38” with 750 tons of clamping force. Committed to excellence, Team Products strives to continuously improve product quality and exceed customer expectations through lean manufacturing practices and adherence to ISO 9001:2015 standards. More information is available at

About River Associates: 

River Associates is a private equity firm based in Chattanooga, TN, that focuses exclusively on investing in the lower middle market and has served as a financial sponsor partner for management teams for over 30 years. Target businesses can be privately held, private equity-backed, or divestitures from larger companies. River Associates is opportunistic as to industry and has invested in numerous manufacturers, high margin distributors, industrial service providers and business service companies. River targets U.S. & Canadian companies typically with EBITDA in the $3-12 million range. Since its founding in 1989, River Associates has initiated more than 115 transactions. River is currently investing its eighth investment fund, which has $345 million of committed capital. For more information, visit