- The move is a part of the company’s effort to become the world’s leading firm in custom engineered films
- The transaction marks the company’s eighth strategic acquisition over the previous five years
Transcendia, Inc., (Transcendia), an American custom engineered materials manufacturing firm, has reportedly announced that it has closed the acquisition of Maine-based active packaging solutions provider, Purestat Engineered Technologies (Purestat).
Citing reports, the acquisition would enable Transcendia to expand its active packaging and barrier film platforms by adding Purestat’s capabilities in multi-layer extrusion and lamination as well as anti-static Electrostatic Dissipative (ESD) formulations to its portfolio.
According to a press release by Transcendia, Purestat is a renowned vertically integrated manufacturer that specializes in ESD-based active packaging solutions. The company serves an extremely high-value market with a customer base that is spread across industries ranging from food, medical & electronics to energy & aerospace.
The President & Chief Executive Officer of Transcendia, Andy J. Brewer, stated that the acquisition considerably broadens the company’s product portfolio, which now includes multi-layer barrier bags, laminates and films, to cater to high-value market applications across the energy, food, aerospace, electronics and medical sectors. Brewer mentioned that the deal meaningfully reinforces the company’s present capabilities in clean-room processing with the integration of certified class 100 as well as class 1000 clean-rooms.
The General Manager at Purestat Engineered Technologies, Richard Kullson stated that Transcendia’s business perfectly aligns with the company’s growth strategy and further reinforces its overall value proposition inside the marketplace. Kullson added that the transaction allows Purestat to leverage the global infrastructure built by Transcendia to better reach customers while also helping the company in expanding its capabilities in multi-layer film extrusion for wider range of product offerings, along with providing it access to more resources to strengthen its business.
Reports confirm that the transaction marks the company’s eighth strategic acquisition over the previous five years. The financial details related to the transaction had not been disclosed yet.