Sinclair & Rush Inc. has grown in thermoforming by acquiring Indepak Inc. for an undisclosed price.
Portland, Ore.-based Indepak makes specialty thin-gauge thermoforming items from several resins, including PVC, polypropylene, high density polyethylene and starch-based biomaterials. The firm also provides concept development, part design, prototyping, in-house tool building, inventory management and package fulfillment.
Sinclair & Rush of Arnold, Mo., makes protective plastic products for a wide range of industries and markets. The firm offers dip molded vinyl grips and caps, injection molded grips, caps and plugs, foam grips and sleeves, extruded clear plastic tubing and thermoformed packaging to industrial and retail customers.
In a news release, S&R officials said that the acquisition of Indepak significantly increases their thermoforming capabilities while also providing a manufacturing footprint on the U.S. West Coast. They added that production will continue at Indepak's Portland site, along with other S&R U.S. manufacturing locations in Arnold and Fenton, Mo., and Carlstadt, N.J.
The acquisition "is aligned with our growth strategy for thermoforming and presents us with numerous new business opportunities," S&R President and CEO Brad Philip said. He added that the transaction "gives us the ability to increase our footprint in the medical and food packaging business and expands our opportunities in industrial markets."
"Packaging and product design trends change frequently, and by combining our product lines, our services and our years of expertise, our customers gain the unique position of having access to multiple packaging options with redundancy across North America from a single packaging partner."
S&R sales and marketing director Jeff Barket added that "the value of having access to multiple thermoforming and packaging options from one partner is multiplied when projects can begin and end under one roof."
Indepak was advised on the deal by Generational Equity, an advisory firm based in Dallas.