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Effective March 1st Pheasant Rubber Company (Pheasant) and Core International (Core) formed a joint venture in Odessa, Texas to manufacture engineered custom molded rubber products for the oil field and other heavy industries where performance polymer components are critical and strategic items.
Pheasant contributed 100% of their manufacturing capacity in Odessa along with their critical intellectual property such as polymer compounds and processes. Pheasant management will continue to run day to day manufacturing operations.
Core International is the majority partner and will provide engineering and marketing services, molds, access to Core markets worldwide, and sales support.
“We are very excited about our partnership with the management team at Pheasant. This joint venture expands our offering of regional and global solutions to our customer base. Our group is a unique solution to customers with global operations and corresponding supply chain requirements,” said Cody W. Johnson, Core CEO.
"Our 36 years of knowledge and skill providing products to oil, gas and industrial markets is well complimented by Core's highly motivated and capable team. We can now deliver our once exclusive polymers to a broader range of customers while providing the care and quality you would expect from Core International,” said Randy Glenn, President of Pheasant Rubber Company.