Univenture Inc. has acquired UniKeep LLC to help it grow globally.
Univenture, which owned 13 percent of UniKeep, paid an undisclosed amount to buy the rest of the firm. UniKeep produces and markets storage and presentation products, such as a 100 percent polypropylene binder. Both companies are based in Marysville, Ohio.
``Our plan is to grow in packaging and environmentally friendly products,'' Univenture Chief Executive Officer Ross Youngs said in a news release.
The UniKeep binder can be made of recycled materials and, because it is just injection molded polypropylene, it can be recycled easily, the firm said. In contrast, conventional vinyl binders, containing paperboard and metal rings, are harder to recycle, Youngs said in a telephone interview. The binder's popularity has been growing, which has led to export markets in South America, Asia, Europe and Australia.
``There is a high conversion rate [from vinyl binders] when people try it,'' Youngs said.
Univenture supplies packaging, publishing and direct-mail markets and claims to have pioneered sleeve-style packaging with the invention of its Safety-sleeve in 1988. Since then it has developed packaging alternatives that address environmental issues, improved functionality and cost effectiveness.
The company has sales and manufacturing operations in Marysville; Reno, Nev.; Dublin, Ireland; and Shenzhen, China.