Rigid plastic packaging products manufacturer Mold-Rite Plastics has acquired Stull Technologies.
Mold-Rite’s acquisition of the US-based manufacturer of dispensing closures, caps, lids, and packaging components will help to broaden its product line, geographic reach and manufacturing capabilities.
Go deeper with GlobalData
Stull Technologies sales & marketing EVP Jason Stull said partnering with Mold-Rite will further improve the quality of products, services and worth that the company brings to its customers.
"We are confident that combining our organisation with Mold-Rite Plastics’ resources will enhance Stull’s strengths and our commitment to delivering market-leading innovation and exceptional customer service," Stull said.
the Stull name will be retained by Mold-Rite, which is owned by private equity firm Irving Place Capital, in order to tap the brand equity built by the company.
According to Mold-Rite, the acquisition is part of the company’s expansion plan that includes both organic growth and acquisitions.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataRecently, the company had launched EZ-Safe and EZ Grip line of closures, a range of ergonomically ribbed closures, which have been designed to improve shelf impact.
Mold-Rite Plastics president and CEO Brian Bauerbach, commenting on the acquisition, said, "Combining Stull Technologies with the Mold-Rite Plastics family is another example of our commitment to superior service, flexibility and overall customer-focused value."
Mold-Rite Plastics manufactures a variety of caps, jars and specialty closures and serves diverse markets such as nutritional, pharmaceutical, household, automotive, personal care, food and beverage.
