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

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Alex Brands buys iconic Shrinky Dinks toys

December 19, 2014 3:15 pm ET

First Slinky, now Shrinky Dinks. What will toy and games investment firm Alex Brands buy next?    More

Image

The return of HPM's big presses

December 19, 2014 11:47 am ET

HPM is back in big injection molding machines.    More

Image

Thailand's SCG Chemicals buying Norwegian chemical firm Norner

December 19, 2014 9:11 am ET

Thailand's SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS...    More

Image

BASF to sell its share in Singapore JV

December 19, 2014 8:37 am ET

BASF SE has announced that it has reached an agreement for it to sell its share in the 50-50 joint venture ELLBA Eastern, at Jurong Island, Singapore ...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events