AirBoss of America Corp. (TSX:BOS) acquired Ace Elastomer Corporation from Russell Foster and others for $42.5 million on August 18, 2021. Pursuant to the Agreement, AirBoss Rubber Solutions will acquire Ace for approximately $42.5 million, to be satisfied in cash upon closing. Russell Foster, and the existing management team will all remain with Ace in their current capacities following the closing of the acquisition. The acquisition of Ace Elastomer, Inc., is eexpected to have a positive but nominal impact on AirBoss of America Corp outlook for 2021. The transaction is subject to customary closing conditions and is eexpected to close during the third quarter of 2021. AirBoss of America Corp. (TSX:BOS) completed the acquisition of Ace Elastomer Corporation from Russell Foster and others on August 31, 2021.