Protexic Brands Announces Acquisition of Createc Corporation
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Arlington Heights, January 3, 2011 - Protexic Brands, a Strategic Business Unit of Tegrant Corporation, today announced the acquisition of Createc Corporation, a leading manufacturer of highly-engineered, custom molded foam products, including protective packaging solutions, automotive components and specialty products. Createc is headquartered in Indianapolis, Indiana, and has four manufacturing facilities in the U.S. and Mexico from which it has supplied industry leading customers for over 35 years.
"We are committed to growing each of our three business units through superior service to our established customer base as well as through strategic investments such as this acquisition," stated Ron Leach, President and Chief Executive Officer for Tegrant Corporation. "Createc has an established reputation in the marketplace with a talented workforce and production facilities in strategic locations. This acquisition will enhance our customer portfolio and increase our presence in key markets."
Bob Morris, President of Protexic Brands, added: "The addition of Createc strengthens our position as the clear leader in the engineered foam solutions industry. It expands our operating platform as we continue to bring innovative, sustainable solutions to our customers. We are delighted to welcome the talented and dedicated employees of Createc Corporation to the Protexic Brands family."
About Protexic Brands:
Protexic Brands is a leading supplier of engineered foam products for the transportation and protective packaging industries. To learn more about Protexic Brands, please contact Scott Novak, Vice President of Marketing and Business Development, Protexic Brands at scott.novak@tegrant.com.
About Tegrant Corporation:
Tegrant Corporation is a leading provider of highly engineered and value-added packaging solutions in North America. It has about 1,900 employees and 28 manufacturing facilities in the U.S., Mexico and Ireland. For further information about Tegrant Corporation, please contact Greg Sipla, Executive Vice President, Tegrant Corporation at greg.sipla@tegrant.com
