US-based thermoplastics and custom packaging solutions manufacturer Spartech has acquired Crawford Industries for an undisclosed sum.
Founded in 1959, Crawford Industries specialises in extruding thin-gauge polyethylene and polypropylene sheets.
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It also converts these sheets into sustainable products by printing, die-cutting and a range of finishing capabilities.
The company has plants in Crawfordsville, Indiana; and Thomasville, Georgia, US.
The acquisition of Crawford Industries is expected to open growth opportunities for Spartech and add to its capabilities for manufacturing standard and custom plastic sheets and packaging products.
Spartech CEO John Inks said: “It’s the beginning of a great and mutually beneficial relationship – Spartech has the desire and resources to help Crawford take its business to the next level, and they have high-quality, thin-gauge capabilities that will enhance Spartech’s existing product offerings.
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By GlobalData“Together, we will be able to offer our joint customer base a wider array of products that we can leverage into new, more complete and more customised solutions.”
Crawford Industries co-president Kendall Faulstich said: “Joining an industry leader with 14 manufacturing sites and a unique Innovation Centre, a diverse arsenal of technologies and enduring customer partnerships will accelerate Crawford’s growth initiatives.”
Spartech’s engineered thermoplastic materials and speciality packaging products are used in a range of sectors, including the food, aerospace and automotive industries.
The company has an advanced Innovation Centre at its headquarters in St Louis, Missouri, and 14 manufacturing facilities across the US.
Its product portfolio includes the UltraTuf, Royalite, Korad, PreservaPak and Polycast lines.
Last November, Spartech announced it would close its facility in La Mirada, California, over the following months.
The closure was part of the company’s strategy to make its operations more efficient, remove surplus and disused capacity, as well as use organisational resources more successfully.
