Acquisition broadens material science expertise, industry leading service, and extensive technology platform in active packaging and engineered films for the food and beverage market
(PRWEB) Transcendia, a leader in custom engineered materials for critical product components in a wide range of markets and applications, today completed the acquisition of Precision Poly LLC. The acquisition broadens Transcendia’s material science expertise, industry leading service, and extensive technology platform in active packaging and engineered films for the food and beverage market.
“The strategic acquisition of Precision Poly enhances Transcendia’s growing food and beverage segment through the addition of complementary multi-layer blown film technologies and an SQF rated facility location,” said Andy J. Brewer, President & CEO of Transcendia. “Furthermore, it strengthens our sales channel to distributors for our broader product portfolio including our industry leading MetPro anti-corrosion packaging technologies to further support our global customers.”
Precision Poly is a custom manufacturer of food grade and industrial co-extruded blown film bags and rolls for flexible packaging applications. Precision Poly is certified as an SQF “Excellent” rated facility, the industry’s most trusted standard that ensures robust food safety control systems have been effectively implemented. Founded in 1995, Precision Poly operates a manufacturing facility in Grand Rapids, Michigan offering streamlined extrusion processes which incorporate in-line/dedicated bag machines, as well as on-site converting for individually-cut products.
“We are excited to be a part of Transcendia,” said Precision Poly President Parnell Olson. “Each company’s attractive portfolio of food and industrial products are highly complementary and we are well positioned for growth with the addition of Transcendia’s national infrastructure, diverse film manufacturing and converting capabilities and resources to expand our business.”
This marks the sixth strategic acquisition Transcendia has completed over the last five years as part of its transformation to become a leading global custom engineered films company.
Transcendia effected the transaction by the acquisition of Spire Flexpack Inc., the parent company of Precision Poly LLC. Spire Flexpack was advised by KeyBanc Capital Markets and FisherBroyles, LLP. Transcendia was advised by Fried, Frank, Harris, Shriver & Jacobson LLP and Richter Consulting, Inc.
Transcendia is a leader in custom engineered materials for critical product components in a wide range of markets and applications. Founded in 1931, the company provides broad material science expertise, an extensive technology platform, industry leading service, global geographic coverage and trusted reliability for product solutions evident in most everyday lives. Transcendia serves over 5,000 global customers for a variety of applications and markets including healthcare, point of purchase-display, protective & aesthetic, industrial, food & beverage, window, anti-corrosion and security ID. The company is headquartered in Franklin Park, IL and operates 16 ISO certified manufacturing and 3 company operated distribution centers throughout North America, Europe and Africa. For more information, visit http://www.transcendia.com or email firstname.lastname@example.org.
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