Sunday, June, 23, 2024 05:02:39

RADVA has a long history of state-of-the-art production and innovation and has been expanding its advanced manufacturing facilities in recent years

A leader in providing expanded polypropylene molded foam and custom-engineered expanded polystyrene solutions, Huntington Solutions, has entered into agreement for acquiring assets of RADVA Corporation, a leading manufacturer of temperature-sensitive and protective foam packaging.

An article published by OAOA reveals that RADVA custom designs and produces Inter-polymers, which include ARCEL, and EPS, for component parts, material handling and packaging, in addition to cold chain capabilities.

The company provides to both early-stage businesses as well as Fortune 500 firms. RADVA has a long history of state-of-the-art production and innovation and has supposedly been expanding its advanced manufacturing facilities in recent years.

President of RADVA Corporation, Stephen Dickens, mentioned that Huntington organization shares the culture of customer service and high quality, along with a commitment for lowering environmental impact. RADVA would be capable of providing its customers with an expanded reach and services in various markets, as well as a broad range of capabilities, he said.

Ed Flynn, President of Huntington Solutions, said in a statement that this acquisition of RADVA would bolster Huntington’s ability for serving customers, along with extending its reach in the Mid-Atlantic region.

Flynn added that RADVA brings a discrete expertise in the cold chain market, offering temperature-sensitive, highly-engineered solutions to its customers. Huntington looks forward to welcoming Stephen and the whole team of RADVA to the Huntington organization.

Executive Chairman of Huntington Solutions, Scott Martin, was quoted saying that Huntington has achieved another crucial objective of its strategic plan, with the acquisition of RADVA. This transaction exemplifies the steadfast focus of Huntington on making remarkable investments for benefiting its customers.

Sources familiar with the matter cited that this transaction, that is subjected to certain approvals and conditions of customary closing, is anticipated to conclude by the second quarter of 2019. Brightwood Capital Advisors, LLC is predicted to be serving as the only financing provider for Huntington.