US-based custom-engineered materials manufacturer Transcendia has acquired Purestat Engineered Technologies, an integrated manufacturer of electrostatic dissipative (ESD) active packaging solutions.
Financial details of the deal have not been disclosed.
The deal marks the eighth strategic acquisition for Transcendia over the last five years.
With this acquisition, Transcendia has added anti-static ESD formulations and multi-layer extrusion and lamination capabilities to its portfolio, strengthening its active packaging and barrier film platforms.
Transcendia president and CEO Andy J Brewer said: “This acquisition broadens Transcendia’s product portfolio to include multi-layer barrier bags, films and laminates to serve high-value market applications in electronics, energy, aerospace, medical and food. In addition, it meaningfully strengthens our current clean room processing capabilities through the addition of certified class 100 and class 1000 clean rooms.”
Headquartered in Lewiston, Maine, Purestat offers ESD active packaging solutions for medical, food, energy, electronics and aerospace industries.
It also offers various other services such as blown film co-extrusion, lamination, converting and clean room processing.
Purestat general manager Richard Kullson said: “Transcendia’s business aligns very well with Purestat’s growth strategy and strengthens our overall value proposition in the marketplace.
“This acquisition allows us to leverage Transcendia’s global infrastructure of 21 manufacturing and distribution facilities to better reach current and new customers, expands our multi-layer film extrusion capabilities for broader product offerings, and gives us access to more resources to strengthen Purestat’s business.”
In January, Transcendia closed the acquisition of Industrial Mecano (IME), which produces PE films for food and beverage packaging and other applications.