Spartech: Acquisition of TriEnda’s sheet business
Spartech Corp. has acquired the sheet extrusion business of Portage, Wis.-based Wilbert Inc.’s TriEnda Division for about US$5.5 million. The company said the acquired business manufactures extruded sheet primarily for the TriEnda line of reusable shipping and material handling containers, and represents more than 40 million pounds of growth for Spartech. It becomes Spartech’s 22nd plastics facility.
The deal also includes a five-year agreement for Spartech to supply certain products to TriEnda and the purchase of four extrusion lines and supporting equipment.
Spartech said ‘practically all’ of the current employees working in the sheet extrusion division of TriEnda wold become Spartech employees, effective immediately.
St. Louis-based Spartech Corp.produces engineered thermoplastic materials and molded and profile products.