US-based moulded and fabricated foam product manufacturer Huntington Solutions (Huntington) has acquired industrial packaging solutions provider TrimTec Systems (TrimTec) for an undisclosed price.
With the acquisition of TrimTec, Huntington intends to further enhance its product offering and expand its geographical presence.
TrimTec Systems founder and president Jeff Wagner said: “We are very excited about this opportunity to be a part of the Huntington organisation. Huntington brings an exceptional culture that is committed to quality and customer service. We are eager to leverage the resources and expertise between the two companies.”
Headquartered in Greer, South Carolina, Huntington produces key components for protective packaging and temperature-controlled containers.
The company operates four production facilities, which are located in South Carolina, Michigan and Mexico.
Huntington is a portfolio company of New York-based private equity firm Mill Point Capital.
Huntington president Ed Flynn said: “TrimTec is a great addition to the Huntington organisation and will allow us to quickly expand the range of product offerings to our existing customer base while also further expanding our geographic reach in the Midwest market.
“We are excited to welcome Jeff and his team to the Huntington organisation and look forward to supporting their continued growth and expansion.”