A subsidiary of De Kalb, Ill.-based Tegrant Corp. has acquired custom printer and display-card maker Dot Packaging Group Inc. for an undisclosed sum.
Dot, based in Batavia, Ill., supplies paper items - such as blister cards, clamshell inserts and folding cartons - for consumer-goods packaging. The company employs 170 between its two plants in Batavia and Spartanburg, S.C.
Tegrant is the market leader in transparent custom thermoformed retail packaging. It also manufactures assembly machinery used to put blister packaging together. The company is the former SCA Packaging North America, which in March was acquired by New York-based Metalmark Capital LLC for $400 million.
Tegrant has worked closely with Dot on previous projects. The Dot acquisition enhances Tegrant's vertical integration, which should aid Tegrant's work with major companies like office-supply maker Bic, power-tool maker Bosch, and cosmetics maker L'Oreal.
``Increasingly, those companies are looking for a supplier who can bring them the full breadth of products and services to execute their packaging needs,'' said Ron Leach, Tegrant's president and chief executive officer, in a Nov. 29 telephone interview.
``We're now able to provide our customers a complete end-to-end solution.''
Tegrant is made up of three business units: Tegrant Alloyd Brands Inc., which makes consumer packaging; Protexic Brands, which makes expanded polystyrene packaging for fragile goods; and ThermoSafe Brands, which makes products that help maintain temperatures.
Dot will be rolled into the Alloyd Brands unit, which is headed up by Bill Kelly, a long-time veteran of the thermoforming industry.
Chicago-based investment banking firm Blaige & Co. LLC advised Dot in the transaction.