Thermoforming Technology Group adds Lyle Industries to its portfolio

By Michael Lauzon
Correspondent

Published: July 18, 2014 2:48 pm ET
Updated: July 18, 2014 4:11 pm ET

Image By: Lyle Industries Inc. Lyle Industries' high-end PET equipment and bottle trimmers add markets that TTG does not currently cover, said TTG Chairman Mike Stein.

Related to this story

Topics Mergers & Acquisitions, Thermoforming, Machinery

Thermoforming Technology Group LLC has expanded its thermoforming equipment presence with the acquisition of Lyle Industries Inc.

TTG, which owns thermoforming equipment maker Brown Machine LLC, could help propel Lyle into new market geographies and new products.

Chairman Mike Stein said the acquisition brings “a great thermoforming brand” into TTG.

“Lyle’s high-end [crystalline] PET equipment and bottle trimmers are technology and markets that TTG does not currently participate in,” Stein said in an email to Plastics News

“The acquisition provides a great opportunity to expand Lyle’s global presence through TTG’s existing international network,” Stein said.

Both Brown and Lyle operate as separate companies and maintain their identities, Stein said.

“This acquisition will result in further sharing of best practices and resources that will enhance TTG [companies’] overall value proposition to the thermoforming market,” he said.

Lyle makes roll-fed thermoformers ranging from units geared to limited production to those capable of long runs using high-speed, servo-driven technology. It also supplies on-line steel rule die trim equipment that matches metal-to-metal off-line trimming. It also supplies bottle-trimming equipment.

Lyle, founded in 1965, has customers around the world for its equipment, parts, service and technology. Its major markets are food packaging, horticulture, medical, retail and automotive.

Brown Machine is big in roll-fed and cut-sheet thermoformers for new users and customers requiring advanced systems. Brown Machine’s services include process engineering, tooling, productivity enhancing auxiliaries and prototyping laboratory. It claims to be the only thermoforming equipment supplier in the United States offering a full range of products. It has an extensive global presence — its machinery is running in 65 countries. It sells thin-sheet and thick-sheet machinery to diverse markets, among them packaging, automotive, appliance, medical and horticultural.

TTG also owns Epco LLC, a machinery remanufacturer and repair company for thermoformers and injection, blow molding and die-casting equipment.

Lyle, Brown Machine, Epco and TTG are all based in Beaverton, Mich. TTG is owned by Spell Capital Partners of Minneapolis and TTG management.

The deal will enhance and expand Lyle’s product offerings and service capabilities, the company said in a news release. As the thermoforming market grows, Lyle will be able to expand manufacturing capacity and boost research and development.

One thermoforming machinery competitor had positive things to say about the deal, including the potential for synergies between Brown and Lyle.

“I believe Mike Stein and the Spell Partners have made a very positive move by acquiring Lyle. The consolidation will add cost savings for engineering, service/install and purchasing,” said Paul Alongi, CEO of Carol Stream, Ill.-based Maac Machinery Corp., in an email to Plastics News.

“Brown’s additional technology along with the Spell Partners expertise will catapult Lyle up to the next level. Advancing the Lyle product line while incorporating the savings of consolidation will be better for both firms and for our industry as a whole,” Alongi said.

TTG’s origins date to Spell’s purchase in 2008 of Pacific Production Technologies, which owned Brown Machine and Epco, and hydraulic press maker Pacific Press Technologies. It was Spell’s first investment in machinery manufacturing.

Brown Machine and Epco had been owned by Madison Capital Partners since 1998. Madison had bundled Brown Machine, Epco and Pacific Press into Pacific Production Technologies about a year before it sold PPT to Spell.


Comments

Thermoforming Technology Group adds Lyle Industries to its portfolio

By Michael Lauzon
Correspondent

Published: July 18, 2014 2:48 pm ET
Updated: July 18, 2014 4:11 pm ET

Post Your Comments


Back to story


More stories

Image

Humanoid robot provides inspection service with a smile

October 17, 2014 6:00 am ET

Everyone knows robots can improve production and quality. But no one says they can't show a little personality while they're working.    More

Image

OnePlastics Group brand created to cover seven different plastics firms

October 17, 2014 9:48 am ET

A Dublin-based company is launching a new brand to unify its plastics businesses into a single entity called OnePlastics Group.    More

Image

PolyOne denies report it's bidding for Klöckner Pentaplast

October 16, 2014 11:44 am ET

UPDATED — Compounding leader PolyOne Corp. is denying a report that it bid as much as $2 billion for film and sheet major Klöckner Pentaplast...    More

Image

Ameriform plans $7.5 million expansion

October 16, 2014 12:57 pm ET

Ameriform Inc. has earmarked $7.5 million to expand its thermoforming, extrusion and rotational molding operations in Muskegon, Mich.    More

Image

Pharmaceutic Litho & Label gets new private equity backing

October 15, 2014 2:41 pm ET

Ironwood Capital is making an investment in Pharmaceutic Litho & Label Co. Inc. in conjunction with an investment by Saugatuck Capital Co.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events