Precision Associates
Precision Associates is a Minneapolis-based, privately held manufacturer founded in 1955 that produces custom-molded rubber seals, standard sealing components, and liquid silicone rubber parts for medical, food & beverage, chemical processing, fluid power, electronics, and water-industry customers.
- Company typePrivate
- Founded1955
- HeadquartersMinneapolis, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Precision Associates does
Precision Associates, Inc. (operating as PAI) is a privately held, Minneapolis-based manufacturer founded in 1955 that produces custom-molded rubber seals, standard sealing components, and engineered rubber-to-metal or rubber-to-plastic assemblies for industrial customers. Its product portfolio spans 2,700+ standard O-ring sizes along with X-Rings, U-Cups, Tri-Clamp Gaskets, Rod Wipers, Multiseals, Kurv-Baks, V-Rings, Rubber Balls, and an extensive offering of custom molded components. Manufacturing capability rests on thermoset rubber molding, liquid silicone rubber (LSR) molding in an ISO 14664-1 Class 7 clean room totaling 13,000 square feet, rubber bonded-to-metal or plastic insert molding, and an on-site tool shop supporting injection, compression, and transfer processes. The company maintains a proprietary library of 1,000+ formulations and 1,200+ rubber compounds, paired with an on-site materials test laboratory that supports custom compound development and customer-driven validation.
The company sells to six primary vertical markets — Life Sciences, Food & Beverage, Chemical Processing & Energy, Fluid Power, Electronics & Industrial Controls, and Water — with medical-device and food-grade applications acting as the highest-value end-markets. Its regulatory footprint includes ISO 9001:2015, ISO 13485:2016, FDA 21 CFR Part 11 compliance, USP Class VI materials, 3-A Sanitary, NSF 61, UL, RoHS, REACH, and AMS 3260 aerospace material specification, which collectively gate qualified entry into regulated customer applications. The business operates through a sales-led direct model with experienced customer service and technical teams supported by ERP software, a customer login portal (paicustomers.com), and a separate online product catalog storefront; pricing is quote-based, not publicly disclosed, and contracts are described as multi-year.
Revenue mechanics combine one-time sales of standard catalog products (rapid fulfillment from extensive inventory) with custom-engineered components priced per specification, plus adjunct engineering and validation services from initial part analysis through final delivery. Headcount sits in the 101-250 range across the single Minneapolis headquarters and manufacturing site at 3800 North Washington Ave. The company has no public listing, no disclosed parent, and no disclosed institutional or PE/VC ownership; the website is active and operations are ongoing.
Precision Associates firmographics
Firmographics- Name
- Precision Associates
- Legal name
- Precision Associates, Inc.
- Website
- https://precisionassoc.com
- Company type
- Private
- Founded year
- 1955
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Precision Associates is a Minneapolis-based, privately held manufacturer founded in 1955 that produces custom-molded rubber seals, standard sealing components, and liquid silicone rubber parts for medical, food & beverage, chemical processing, fluid power, electronics, and water-industry customers.
- Ownership category
- akta.pro rank
Precision Associates industry classification
Industry- Product category
- Custom Industrial Rubber Seals
- NAICS
- Rubber Product Manufacturing for Mechanical Use (326291), Rubber Product Manufacturing (3262), All Other Plastics Product Manufacturing (326199)
- SIC
- Fabricated Rubber Products, Nec (3060), Gaskets, Packg & Sealg Devices & Rubber & Plastics Hose (3050), Plastics Products, Nec (3089)
- akta.pro primary industry
- Molded & Extruded Industrial Rubber Parts (Custom Components) (IMANALAG)
- akta.pro secondary industries
- Seals, Gaskets & O-Rings (Industrial Elastomer) (IMANALAC), Food-Grade, Medical & Cleanroom Rubber Compounds (IMANAJAH), Seals, Gaskets & Fluid Connectors (O-rings, packings, rotary seals, quick couplers) (IMAHAGAI)
Keywords
Where Precision Associates is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Precision Associates business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Custom Molded Rubber Products: Manufacturing and sale of custom rubber seals and precision-molded rubber components including O-Rings, X-Rings, U-Cups, and specialized sealing products for industrial and medical applications.
- Standard Product Sales: Sale of standard sealing products from extensive inventory with thousands of molds available for quick fulfillment.
- Custom Compound Development: Engineering services from initial part analysis to final delivery with material recommendation and testing services for custom applications.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom and standard rubber sealing products |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Precision Associates product offering
Product offeringCore offering
Precision Associates manufactures and sells precision-molded rubber seals and custom rubber products, including standard items such as O-Rings, X-Rings, U-Cups, Tri-Clamp Gaskets, Rod Wipers, Multiseals, Kurv-Baks, and V-Rings, as well as custom molded rubber components, liquid silicone rubber (LSR) parts, machined plastics, toolmaking, and validation services. The company serves industrial and medical device manufacturers across Life Sciences, Food & Beverage, Chemical Processing, Energy, Electronics, Fluid Power, and Water markets.
Product overview
Precision Associates is a manufacturer of precision-molded rubber seals and custom rubber products. The company operates as a single-entity manufacturer offering both standard products (O-Rings, X-Rings, U-Cups, Tri-Clamp Gaskets, Rod Wipers, Multiseals, Kurv-Baks, V-Rings, Rubber Balls, and Hol-Masks) and custom capabilities (Custom Molded Rubber Components, Liquid Silicone Rubber Parts, Machined Plastics, Toolmaking, Cleanroom Molding, and Validation Services). The portfolio is unified under one manufacturing operation that provides materials, molding, tooling, and validation services. The company maintains over 1,200 compound formulations and serves markets including Life Sciences, Food & Beverage, Chemical Processing, Energy, Electronics, Fluid Power, and Water.
Differentiator
Problem solved
Functional benefit
Products and services
- O-Rings
Quantifiable outcome
- 99% On-Time Delivery Rating
- +2 more outcomes
Companies that use Precision Associates
Customer profileSegments6 records
Ideal customer profiles3 records
Precision Associates technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Precision Associates partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights4 records
Precision Associates competitors and assessment
Company assessmentDirect peers
- Daemar (FKM):
- Apple Rubber Products: Apple Rubber Products specializes in O-rings, custom molded rubber seals, and mask products for industrial, medical, and aerospace applications. It is a direct peer with similar focus on O-ring inventory depth and custom-molded capabilities serving the same customer base as Precision Associates.
- Marco Rubber & Plastics: Marco Rubber & Plastics is a distributor and custom manufacturer of O-rings, seals, and custom molded rubber products serving industrial, medical, and food-grade applications. It is a direct peer to Precision Associates in standard and custom sealing solutions, with a similar mid-size, specialty market focus.
- Minnesota Rubber and Plastics: Minnesota Rubber and Plastics is a custom manufacturer of elastomeric and thermoplastic components, including precision O-rings, seals, and molded parts for medical, industrial, and food & beverage markets. It is a direct peer to Precision Associates in custom molded rubber seals, with similar specialty manufacturing capabilities.
- Greene Tweed & Co. Greene Tweed is a specialty manufacturer of high-performance elastomeric seals and custom-molded components, serving aerospace, oil & gas, semiconductor, and life sciences markets. It is a direct peer to Precision Associates in custom-engineered rubber and LSR sealing solutions for demanding applications.
Broad incumbents
- Trelleborg Sealing Solutions: Trelleborg is a global leader in engineered polymer solutions, with a substantial Sealing Solutions business producing O-rings, gaskets, and custom molded rubber parts for aerospace, automotive, and medical markets. It directly competes with Precision Associates in precision-molded rubber seals and has a much larger global footprint.
- Parker Hannifin: Parker Hannifin is one of the largest global manufacturers of motion and control technologies, including a leading O-ring and sealing solutions division. It is a broad incumbent serving the same customer base as Precision Associates across fluid power, aerospace, and industrial markets, but at vastly greater scale and global reach.
- Freudenberg Sealing Technologies: Freudenberg Sealing Technologies is a global leader in sealing technology, producing O-rings, custom molded elastomer parts, and LSR components for automotive, food & beverage, and medical device markets. It is a broad incumbent with overlapping capabilities to Precision Associates, particularly in LSR molding for medical applications.
- Saint-Gobain Seals (formerly Furon): Saint-Gobain Seals is a global supplier of high-performance sealing solutions, including custom molded rubber and PTFE components for aerospace, industrial, and life sciences markets. It is a broad incumbent competitor with similar technical depth to Precision Associates in engineered elastomer seals.
Emerging players
- Elasto Proxy Inc. Elasto Proxy is a custom fabricator of rubber and plastic sealing products, including O-rings, gaskets, and custom-molded components for specialty industrial and defense applications. It is an emerging direct peer to Precision Associates in custom rubber sealing solutions, with a similar problem-solving, niche-market focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Precision Associates social profiles
Digital presencePrecision Associates compliance and trust
Trust signalCompliance10 records
Precision Associates financial estimates
Financial estimateRevenue estimate
Valuation estimate
Precision Associates leadership team
Management profileNumber of profiles
Precision Associates funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Precision Associates M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Precision Associates
What does Precision Associates do?
Precision Associates manufactures and sells precision-molded rubber seals and custom rubber products, including standard items such as O-Rings, X-Rings, U-Cups, Tri-Clamp Gaskets, Rod Wipers, Multiseals, Kurv-Baks, and V-Rings, as well as custom molded rubber components, liquid silicone rubber (LSR) parts, machined plastics, toolmaking, and validation services. The company serves industrial and medical device manufacturers across Life Sciences, Food & Beverage, Chemical Processing, Energy, Electronics, Fluid Power, and Water markets.
Is Precision Associates a public or private company?
Precision Associates is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Precision Associates founded?
Precision Associates was founded in 1955. It employs 101 to 250 people.
Where is Precision Associates based?
Precision Associates is headquartered in Minneapolis, United States, in the North America region.
How does Precision Associates make money?
Three revenue lines are on record. Custom Molded Rubber Products are the primary driver. The others are standard Product Sales and custom Compound Development.
Who are Precision Associates's main competitors?
Direct peers on record are Daemar (FKM), Apple Rubber Products, Marco Rubber & Plastics, Minnesota Rubber and Plastics and Greene Tweed & Co.. Broad incumbents are Trelleborg Sealing Solutions, Parker Hannifin, Freudenberg Sealing Technologies and Saint-Gobain Seals (formerly Furon). Elasto Proxy Inc. is listed as an emerging player.
Does Precision Associates have an API?
No public API is recorded for Precision Associates.
What industry is Precision Associates in?
Precision Associates's product category is Custom Industrial Rubber Seals. Its primary akta.pro industry code is IMANALAG, Molded & Extruded Industrial Rubber Parts (Custom Components), with a secondary code of IMANALAC, Seals, Gaskets & O-Rings (Industrial Elastomer). Its NAICS code is 326291 and its SIC code is 3060.