Aug 9 2013
Inteplast Group is pleased to announce that effective August 1, 2013 it has acquired a portion of the assets of Trinity Packaging Corporation headquartered in Armonk, New York. The acquisition includes the manufacturing facilities in Lewistown, Pennsylvania, and Pueblo, Colorado.
The production facilities will continue full operations and join Inteplast's facilities in continuing to serve the North American market. The new company Trinity Plastics, Inc. will be part of Inteplast's Integrated Bagging Systems Division (IBS).
With these acquisitions, the IBS Division of Inteplast will become one of the leading manufacturers of plastics bags and foodservice items currently serving the private label and retail and grocery markets. Trinity Plastics, in turn, complements the reclosable bags offered by the Minigrip group of companies, also members of IBS, as well as a vast repertoire of bags and foodservice items produced currently also by IBS.
"Trinity represents the quintessence of American manufacturing and family business as embodied by 4 generations of the Freund family and we appreciate what this heritage brings to our own group of companies," said Dr. John Young, President and founder of Inteplast Group, in making the announcement to associates. "We are excited to make the operations in Lewistown and Pueblo part of our growing group and we welcome the experienced sales and customer service teams to our organization as well. Our plan is to service our customers better by combining the unique strengths of each organization to provide greater value. This addition further exemplifies our commitment to ensuring quality manufacturing jobs for American workers."
Young adds, "Over the past few years I have come to respect greatly both Mr. John Freund and his son Peter. The two show a deep sense of caring for their colleagues and employees and are exemplary corporate citizens. I am honored to be able to perpetuate their sense of commitment to fellow co-workers and will do everything in my power to ensure continuity for both the organization that we are inheriting and the relationships with the customer and local communities which they serve. We want to become productive members of the Lewistown and Pueblo communities."
According to Inteplast Group's IBS Division President, Joe Chen, "This is a further investment in people and technology and demonstrates our commitment to this industry."
For Trinity Packaging Corporation, the decision to sell the consumer private brand and carry-out bag divisions was a strategic one as it will enable them to focus entirely on their heavy duty and specialty films divisions. Trinity Packaging will remain headquartered in Armonk, NY and will retain its Rocky Mount, VA and Buffalo, NY manufacturing locations. Peter Freund, President of Trinity, commented "This is a win-win for all involved. Trinity Packaging will continue to grow its business units in and around industrially packed products in both large and small formats. As for the consumer and carry-out divisions, we cannot think of a better situation for our customers and employees than to be managed by Dr. Young and the Inteplast Group. The synergies are immeasurable and the transaction will only prove to be a great benefit to all involved."
Inteplast operates state-of-the art manufacturing facilities throughout North America, where today it counts 40 plants and 10 warehouse facilities. Central to Inteplast's existence is the belief in American manufacturing. "The Group was established based upon the belief that we can still do world-class, competitive manufacturing in the United States," said Young. The creation of Inteplast Group over 20 years ago occurred at a time when similar operations were going overseas. This acquisition of these facilities is evidence of further commitment to this core belief according to both Chen and Young.