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Airboss of America Corp (ABSSF)
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Airboss of America Corp was formed under the Business Corporations Act (Ontario) upon the amalgamation of Greenstrike Gold Corp. and 846241 Ontario Limited under the name 'IATCO Industries Inc.' on October 13, 1989. The Company is a rubber compound manufacturer in North America. The Company operates in two segments namely AirBoss Rubber Compounding and AirBoss Engineered Products. The AirBoss Rubber Compounding segment manufactures over 1,000 different un-vulcanized custom compounds from various synthetic polymers or natural rubber, strengthening agents and various additives and chemicals, for various customers in North America. The end use applications of these compounds include conveyor belts for mining and energy generation plants, transportation, and other industrial rubber parts manufacturing industries. The Company's custom rubber compounds are used in the manufacture of solid tires, off-road pneumatic tire retreads, conveyor belting, mining products, automotive parts, and other industrial rubber goods. AirBoss Engineered Products is located in Acton-Vale, Quebec and is comprised of two product lines, Defense Products and Industrial Products. These two product lines share manufacturing equipment and administrative resources. The raw material used by the company is natural rubber. The Company competes directly against major North American companies in the custom rubber compounding and industrial rubber product market segments. The Company handles hazardous chemicals in its manufacturing process and accordingly is subject to environmental regulation by federal, state, provincial, and local authorities.