Thiele Technologies, Inc. to Acquire Certain Assets of Streamfeeder, LLC
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MINNEAPOLIS, Minn. - Oct. 24, 2006 - Robert H. Chapman, Chairman and CEO of Barry-
Wehmiller Companies, Inc., and Larry Smith, President and CEO of Thiele Technologies, Inc., a manufacturer of high-speed packaging equipment in Minneapolis, Minn., have announced an agreement to acquire certain assets and the business of Streamfeeder, LLC of Minneapolis.
Commenting on the planned transaction, Smith said, "Combining the Streamfeeder business with Thiele Technologies' extensive capabilities and experience will provide Streamfeeder's customers with a variety of new packaging solutions. It will enable Streamfeeder's sales team to offer a broader line of packaging equipment to their customers in the commercial printing, packaging and mail fulfillment sectors. We are very excited about joining forces with Streamfeeder, a highly respected equipment company, and expanding our customer base into these markets."
Thiele Technologies, Inc., a division of Barry-Wehmiller Companies, Inc., was formed as an operating group in 1998 through the acquisition of Bemis Packaging Machinery Company and the subsequent integration of Thiele Engineering, Master Palletizer, Frontier Packaging, Edmeyer Dairy Systems and Slidell Machinery. Combining more than 100 years of experience, Thiele has become a well-balanced supplier of packaging machinery, providing a full complement of equipment for high-speed bag filling and palletizing, case packaging and palletizing, cartoning, bundling, and placing solutions for the packaging industry.
Streamfeeder was founded in 1990 and has become a leading manufacturer of universal
feeding solutions for the mailing, printing and packaging industries. Streamfeeder provides a wide range of solutions that precisely separate, singulate and deliver materials into various production streams. This consists of a full line of material handling and packaging solutions for printing, converting and warehousing, including feeders, batch counters, accumulators, collators, bulk loaders, wrapping units as well as integrated systems.
Streamfeeder is recognized for high quality engineering and manufacturing as well as a passion for customer service. Its customer base includes major commercial printers, packagers, and mailing and fulfillment houses. An extensive global sales and service network makes Streamfeeder a recognized leader in customer support.
On behalf of Streamfeeder, Doug Milroy commented, "We are very pleased that the employees of Streamfeeder will become part of the Thiele Technologies organization. We look forward to enhancing our industry expertise and capabilities, particularly in the packaging markets. This expanded product mix will benefit our customers and distributor partners!"
About Thiele Technologies
Thiele Technologies, Inc. provides advanced high-speed automation solutions to a variety of industries around the globe, including petro-chemicals, fresh and frozen food, pet food, beverage, dairy, bakery, pharmaceutical, medical devices, cosmetics, horticultural, paper goods, consumer mailing and collating, and paint filling. With more than 70 years of service, Thiele leads the industry in the design, manufacture and integration of placing, bagging, cartoning, case packing and palletizing systems.
About Barry-Wehmiller Companies
Barry-Wehmiller Companies, Inc. is a world leading supplier of packaging, corrugating and paper converting technology, as well as consulting services, across a broad spectrum of industries. The company's balanced and diversified approach to the market is made possible through 11 interactive divisions. In fiscal year 2006, a combination of organic and acquisition growth propelled the company's annual revenues to approximately $800 million for the first time in its 120-year history, with more than $200 million of that in global markets.
For additional information, please contact:
Thiele Technologies, Inc.
Larry Smith, President & CEO
612.782.1200
