US-based pressure-sensitive tapes producer Shurtape Technologies has expanded its tape business with the acquisition of Syntac Coated Products, a manufacturer of specialty adhesive coated products.

Established in 2001, Shurtape is engaged in manufacturing and supplying tape solutions to the packaging, building and construction, DIY, HVAC, industrial, maintenance, repair and operations (MRO), arts and entertainment, and transportation industries.

The firm designs high performance industrial adhesive and tape products for automotive, medical, construction, graphic arts, sound control and product assembly applications.

Financial terms of the deal were undisclosed.

Shurtape Technologies CEO Stephen Shuford said: “The combination of Shurtape and Syntac enhances our ability to support our customers through expanded research and development capacity, broadened production capabilities and global distribution.”

Shurtape said that the acquisition allows it to offer a broad product portfolio including cloth and duct, masking and paper, packaging, foil, film, double-coated and transfer tapes, in addition to packaging dispensers and equipment for automated and manual case sealing applications.

Syntac Coated Products CEO Curt Rutsky said: “Together, we remain dedicated to delivering unmatched innovation, service and quality to the industries we serve and look forward to providing our customers with a broad range of product options and enhanced service capabilities to meet their ever-evolving needs.”

As part of the deal, approximately 50 employees from Syntac will join more than 1,500 Shurtape employees globally.

Upon completion of the deal, company will be renamed Shurtape Specialty Coating. It will continue to operate its two facilities with one in New Hartford, Connecticut and other in Sarasota, Florida, US.

Syntac Coated Products provides high performance, specialty, pressure-sensitive tapes for automotive, medical, construction, graphic arts, sound control and product assembly applications.

 

Source: packagingmaterials.packaging-business-review.com

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