Numatech Industries Inc. is adding to its position as the largest North American supplier of converted corrugated plastic products.
The New York company, which claims that top spot but would not reveal sales details, has acquired a controlling interest in the Erie, Pa., and Columbus, Ohio, divisions of Amatech Polycel LLC. David Amatangelo will continue to oversee the operations as president. Terms were not disclosed.
The April 14 transaction involves operations of converter Amatech Inc.'s 25,000-square-foot plant in Erie, and converter-foam processor Amatech Polycel Inc., which occupies 65,000 square feet in Columbus.
The sites complete Numatech's goal of making converted corrugated plastic products and returnable and reusable packaging systems for markets across North America, said Brent Vickery, president and chief operating officer of Numatech. Most corrugated plastic converters are smaller, regional companies.
``This acquisition is a perfect fit for Numatech in terms of geographic locations and product mix,'' Vickery said in a news release. ``We have now achieved our initial goal of complete coverage of the North American territory.''
During 2003, Numatech will install custom-designed, proprietary equipment in Erie and Columbus. The systems will match existing Numatech printing and corrugated packaging capabilities in Puslinch, Ontario; Fullerton, Calif.; and Taylors, S.C. Also, Numatech operates Anson Screen Print in Waterloo, Ontario.
In anticipation of the deal, Numatech closed an Ottawa, Ill., conversion plant in 2002, consolidating the work at Puslinch.
The Amatech Polycel locations employ 50, giving Numatech a total of 250 workers.
Amatangelo formed Amatech in 1993. He moved the company to a new Erie facility in 1998 and acquired Polycel Inc. in February 2001.
Numatech, a wholly owned subsidiary of Matra Plast Industries Inc. of New York, is working on further expansion including a possible acquisition in Europe.