In a bid to increase the reach of its signature product, carpet binding maker Instabind, based in Murfreesboro, Tenn., has recently merged with Bond Products of Philadelphia. Bond, a 64-year-old company, produces narrow fabrics for binding and binding equipment. Terms of the agreement were not disclosed.
Ben Boatwright, CEO of Instabind LLC, notes that the merger allows Instabind to take advantage of Bond's established marketing stream that has been built over the last six decades.
"Because of Bond Products' years of experience in the industry and a strong client list that trusts the Bond name, it just makes sense for Instabind to align itself with such a reputable company," he says.
Additionally, Bond's manufacturing plant in Philadelphia offers increased capacity "that will be capable of handling larger orders, and make distribution much more expedient," he notes. Plans call for Instabind's manufacturing operations to shut down in La Junta, Colo. and move to Philadelphia. According to Boatwright, production was shut down July 10-19 during the move.
Boatwright and co-founder Kelly Huddleston plan to stay onboard the company and remain "the primary owners of the patent, patent pending and copyrights associated with Instabind," Boatwright says. For more information, call (866) 467-8224.
Offering increased capacity, Bond and Instabind merge
September 12, 2006