Conductive Containers Inc. is acquiring Crestline Plastics Inc., a move that extends both geographic and customer reach.
Crestline, based in Albuquerque, N.M., designs and makes thermoformed packaging for optical components and other precision electronics, CCI said in announcing the move.
Maple Grove, Minn.-based CCI makes static control packaging for electronics, optics and high-value components.
"Crestline has unique capabilities with its plastic enclosures and optic lens inserts that complement our CCI box, tray and tote solutions incredibly well," CCI CEO Brad Ahlm said in a statement. "There is very little overlap in our customer lists, and Crestline further steps up our production capacity."
"We are excited to now have a hub in the Southwest to better serve key accounts in Southern California and Mexico," Ahlm said.
Crestline was founded in 1981 by Steve Hermann and the second-generation business has been owned by Derek Hermann. Derek Hermann will continue with the combined company, serving as general manager of CCI's Crestline division. All other Crestline employees also have joined CCI.
"Crestline has a defined niche and is very good at what we do in the optics market. Through CCI, we gain access to expanded product development, engineering and sales resources. This will only help push Crestline to the next level and to serve our customers in new, creative ways," Derek Hermann said in a statement.
The two companies did not use an intermediary in the transaction as CCI owner Great River Capital Partners of Boston identified the potential acquisition.
Great River acquired CCI, a maker of electrostatic discharge packaging for the electronics, medical, defense and industrial markets, in 2021. CCI also is moving into a new 82,000-square-foot manufacturing facility in Maple Grove.