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Q Holding Company’s Qure Medical to Merge with Degania Silicone Ltd.

News | November 28, 2016

Q Holding announced today that it has entered into an agreement to purchase Degania Silicone Ltd. (“Degania”), a leading international manufacturer of medical catheters.

Degania represents a transformative acquisition for Q Holding, creating a market-leading medical device and component manufacturer offering complete flexible technology solutions for healthcare applications.  Degania produces critical end products that are used on a daily basis in healthcare settings in applications such as cardiology, general surgery and drug delivery. Degania employs c. 1,700 globally and has R&D and manufacturing facilities in Israel, India, France and Slovakia.

Degania goes to market through three brands: Degania, a premier developer and manufacturer of medical catheters for global medical device OEMs; Arthesys, a cardiovascular and peripheral vascular catheter designer and manufacturer specializing in catheters for stent delivery; and Biometrix, a manufacturer and provider of catheter-related kits for hospitals and health care distributors.  Across these segments Degania partners with a wide base of global medical device OEM customers that are market leaders in their respective product categories.

Together, Q Holding and Degania will offer an unprecedented suite of development and manufacturing services, material technologies, analytical tools and industry expertise.  The combined business will also offer complete product lifecycle management with assembly, packaging and 510K management for customers’ outsourcing needs with a network of operations that can bring the supply chain close to the consumption point.

Randy Ross, Chief Executive of Q Holding, commented: “We are delighted to have reached this agreement to purchase Degania. The businesses are highly complementary and the acquisition represents a critical milestone in diversifying and internationalizing the business. It will significantly enhance the value we can deliver to our global customer base thanks to Degania’s strong R&D capabilities in Israel and France and state‐of‐the‐art facilities in Israel, France, India and Slovakia.”

Rami Zajicek, CEO of Degania, added “We are proud of the company that our employees and investors have developed and we see joining forces with Q Holding as the natural next step for Degania to build upon this growth. The alignment of Degania, Q Holding and Qure Medical will benefit customers by providing a greater global network of development and manufacturing resources.”

Richard Relyea, Managing Director 3i North America, commented: “3i is pleased to support Q Holding in this transformative acquisition of Degania.  This combination creates a leader in precision elastomeric medical device components and assemblies and advances our goal of building the premier global supplier of engineered elastomeric products for the high growth healthcare and electrical management markets.”

Q Holding Company is a leading global manufacturer of highly-engineered precision-molded elastomeric components used in a broad range of medical, pharmaceutical and electrical management applications. Q Holding is vertically integrated with in-house Quadra Tooling & Automation, enabling rapid turnaround and the largest selection of proprietary tooling capabilities in the industry. With over 1,300 employees, the company has an international footprint (five manufacturing locations in the U.S., two manufacturing facilities in China and one in the UK and Mexico), selling products in more than 50 countries. Q Holding goes to market in the life sciences as Qure Medical and in electrical management as Quality Synthetic Rubber (QSR).

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News | November 28, 2016

Q Holding announced today that it has entered into an agreement to purchase Degania Silicone Ltd. (“Degania”), a leading international manufacturer of medical catheters. Degania represents a transformative acquisition for Q Holding, creating a market-leading medical device and component manufacturer offering complete flexible technology solutions for healthcare applications.  Degania produces critical end products that are used on a daily basis in healthcare settings in applications such as cardiology, general surgery and drug delivery. Degania employs…

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QSR Establishes Mexican Operation

News | November 3, 2016

By Chris Sweeney, Rubber & Plastics News Staff QUERETARO, Mexico-Quality Synthetic Rubber lnc. is venturing south of the border. The unit of Q Holding Co. will establish a manufacturing facility dedicated to producing primarily silicone electrical connector seals and insulators for industrial applications, mainly automotive and aerospace. The 65,000-sq.-ft. plant will be operational on Nov. 15 and is projected to create 135 jobs. QSR is making an initial capital equipment investment of $3 million for…

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News | November 3, 2016

By Chris Sweeney, Rubber & Plastics News Staff QUERETARO, Mexico-Quality Synthetic Rubber lnc. is venturing south of the border. The unit of Q Holding Co. will establish a manufacturing facility dedicated to producing primarily silicone electrical connector seals and insulators for industrial applications, mainly automotive and aerospace. The 65,000-sq.-ft. plant will be operational on Nov. 15 and is projected to create 135 jobs. QSR is making an initial capital equipment investment of $3 million for…

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A Happy Anniversary – QSR Celebrates Milestone at Ohio Facility

News | November 3, 2016

By Chris Sweeney, Rubber & Plastics News Staff TWINSBURG, Ohio – lt’s been a long journey for Quality Synthetic Rubber. The firm started out of a one-garage house in Oakwood Village, Ohio. Now, 50 years later, it operates a more than 80,000-sq.-ft. facility in Twinsburg, manufactures product in China and Europe with a facility in Mexico forthcoming, and formed Q Holding Co., which oversees the QSR industrial business and its more recent Qure Medical operation….

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News | November 3, 2016

By Chris Sweeney, Rubber & Plastics News Staff TWINSBURG, Ohio – lt’s been a long journey for Quality Synthetic Rubber. The firm started out of a one-garage house in Oakwood Village, Ohio. Now, 50 years later, it operates a more than 80,000-sq.-ft. facility in Twinsburg, manufactures product in China and Europe with a facility in Mexico forthcoming, and formed Q Holding Co., which oversees the QSR industrial business and its more recent Qure Medical operation….

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August Zhang Joins Q Holding as Director of Business Development for Qure Medical and QSR – Asia

Announcements | July 18, 2016

August Zhang Qunli (doing business as August Zhang), recently joined the Q Holding Company team as Director of Business Development for QSR and Qure Medical – Asia. August is based in Shanghai, China. He is responsible for managing all commercial sales and engineering activities related to key global accounts within Asia. In addition, August will be developing new regional business that aligns with QSR and Qure Medical strategic goals. August has more than 20 years…

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Announcements | July 18, 2016

August Zhang Qunli (doing business as August Zhang), recently joined the Q Holding Company team as Director of Business Development for QSR and Qure Medical – Asia. August is based in Shanghai, China. He is responsible for managing all commercial sales and engineering activities related to key global accounts within Asia. In addition, August will be developing new regional business that aligns with QSR and Qure Medical strategic goals. August has more than 20 years…

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Q Holding Hires New West Coast Business Development Manager

Announcements | July 11, 2016

In June, Jesús García joined Q Holding Company as west coast business development manager. He is based in Baja, California, and will focus on developing aerospace business as well as managing commercial sales and engineering activities related to key accounts on the west coasts of the U.S. and Mexico. Jesús comes to Q Holding with more than 18 years of experience in the automotive and rubber molding industry, including 12 years of experience selling high…

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Announcements | July 11, 2016

In June, Jesús García joined Q Holding Company as west coast business development manager. He is based in Baja, California, and will focus on developing aerospace business as well as managing commercial sales and engineering activities related to key accounts on the west coasts of the U.S. and Mexico. Jesús comes to Q Holding with more than 18 years of experience in the automotive and rubber molding industry, including 12 years of experience selling high…

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Quality Synthetic Rubber, a Q Holding Company, Receives AS9100 Aerospace Certification

News | May 25, 2016

In April 2016, Q Holding Company, d.b.a. Quality Synthetic Rubber (QSR), received the coveted AS9100 Aerospace Certification* for its Twinsburg, Ohio facility, announced Randy Ross, President and CEO of Q Holding. Backed by a wealth of knowledge and decades of experience in producing connector seals and other components for the automotive industry, QSR is poised to take on the challenge of manufacturing products under strict AS9100 guidelines. According to Ross, QSR has constructed a dedicated…

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News | May 25, 2016

In April 2016, Q Holding Company, d.b.a. Quality Synthetic Rubber (QSR), received the coveted AS9100 Aerospace Certification* for its Twinsburg, Ohio facility, announced Randy Ross, President and CEO of Q Holding. Backed by a wealth of knowledge and decades of experience in producing connector seals and other components for the automotive industry, QSR is poised to take on the challenge of manufacturing products under strict AS9100 guidelines. According to Ross, QSR has constructed a dedicated…

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School Program Paying Off for Quadra

News | May 24, 2016

NORTH CANTON, Ohio-One of the big challenges facing the rubber industry is the need to find young, qualified employees. Quadra Tooling and Automation may have found a solution. The subsidiary of Q Holding Co. has partnered with the R.G. Drage Career Center’s Precision Machining program to give qualified juniors and seniors a chance to shadow, and possibly work, at the firm. Quadra started the program in 2015, bringing in four juniors on a two-day job…

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News | May 24, 2016

NORTH CANTON, Ohio-One of the big challenges facing the rubber industry is the need to find young, qualified employees. Quadra Tooling and Automation may have found a solution. The subsidiary of Q Holding Co. has partnered with the R.G. Drage Career Center’s Precision Machining program to give qualified juniors and seniors a chance to shadow, and possibly work, at the firm. Quadra started the program in 2015, bringing in four juniors on a two-day job…

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Industry Knowledge is What Gets Business Development Managers Hired at Q Holding Company

Announcements | April 28, 2016

Craig Stark, Executive VP of Business Development is looking at a new approach to recruiting Business Development Managers. Rather than focusing on sales skills, Craig is looking for talented engineers to work closely with customers in a consulting role, drawing on their engineering experience to help develop and produce the best elastomeric components possible. Chad Geretz is the perfect example. On March 28, 2016, Chad joined Q Holding Company as Business Development Manager for Qure…

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Announcements | April 28, 2016

Craig Stark, Executive VP of Business Development is looking at a new approach to recruiting Business Development Managers. Rather than focusing on sales skills, Craig is looking for talented engineers to work closely with customers in a consulting role, drawing on their engineering experience to help develop and produce the best elastomeric components possible. Chad Geretz is the perfect example. On March 28, 2016, Chad joined Q Holding Company as Business Development Manager for Qure…

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Q Holding Company Looks to the Future with Changes to Executive Team

Announcements | April 28, 2016

Q Holding Company is pleased to announce the addition of two new Executive Team members who are responsible for developing new capabilities designed to enhance the global customer experience. They include Cary Glay, Executive Vice President and Chief Financial Officer and Craig Stark, Executive Vice President of Business Development. Each individual brings extensive experience in his respective field to Q Holding and its customers, positioning the company for future global expansion. Cary Glay, Executive Vice President and Chief Financial…

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Announcements | April 28, 2016

Q Holding Company is pleased to announce the addition of two new Executive Team members who are responsible for developing new capabilities designed to enhance the global customer experience. They include Cary Glay, Executive Vice President and Chief Financial Officer and Craig Stark, Executive Vice President of Business Development. Each individual brings extensive experience in his respective field to Q Holding and its customers, positioning the company for future global expansion. Cary Glay, Executive Vice President and Chief Financial…

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Qure Medical Acquires UK-headquartered Silicone Altimex

News | August 5, 2015

Q Holding Company, d.b.a. Qure Medical, with corporate headquarters in Twinsburg, Ohio, has acquired UK-headquartered Silicone Altimex, announced Randy Ross, President and CEO of Qure Medical. Financial terms of the agreement were not disclosed. Qure Medical provides integrated elastomer solutions to medical device manufacturers. Silicone Altimex is one of Europe’s leading independent manufacturers of cleanroom-produced silicone tubing components and assemblies for the pharmaceutical industry. “This transaction is an important step in realizing our global ambitions,”…

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News | August 5, 2015

Q Holding Company, d.b.a. Qure Medical, with corporate headquarters in Twinsburg, Ohio, has acquired UK-headquartered Silicone Altimex, announced Randy Ross, President and CEO of Qure Medical. Financial terms of the agreement were not disclosed. Qure Medical provides integrated elastomer solutions to medical device manufacturers. Silicone Altimex is one of Europe’s leading independent manufacturers of cleanroom-produced silicone tubing components and assemblies for the pharmaceutical industry. “This transaction is an important step in realizing our global ambitions,”…

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