Oil Patch Bits: Alaska Rubber Group completes Washington acquisition

The Alaska Rubber Group, with three locations in Alaska, has announced the purchase of five additional locations in Washington, effectively doubling the size of its employee owned organization.

The five new locations all fell under the company formerly known as Pacific Rubber Group, serving the entire Pacific Northwest region and are comprised of Pacific Rubber Inc. located in Seattle; TIMCO Inc. at the Port of Tacoma; North Sound Hose and Fittings in Everett; Central Hose and Fittings in Pasco; and Inland Pacific Hose and Fittings in Spokane.

“We’re always exploring opportunities for growth, and it is exciting to see where this new addition to our group will take us,” said Janeece Higgins, president and CEO of Alaska Rubber Group. “Some of the former owners of the Washington stores, Don and Drennon Adams, were the original founders of our Alaska locations. We all started with a very similar model. It’s kind of in our DNA. I have known some of the employees in the Washington stores for years, and the knowledge and experience they bring will help shape the future of the company. Everyone involved is critical to the team, and I look forward to their new ideas, hard work, and the growth that we will experience going forward.”

Each location within the group will retain its original name; however, each will now be branded as an employee owned Alaska Rubber Group Company. For more information about the Alaska Rubber Group, please visit www.alaskarubber.com.