Business News
Premier Tech makes a U.S. acquisition
Wednesday 13. May 2009 - In keeping with its mission of becoming a technological and commercial leader, Premier Tech is pleased to announce the acquisition of all the assets of the Equipment Division of Graphic Packaging International, Inc.
This division, located in Salt Lake City, U.S.A., manufactures and markets packaging equipment, and is specialized in valve bag filling systems.
With this acquisition, Premier Tech Systems (PTS), a business unit of Premier Tech, integrates the renowned expertise of some 60 skilled team members to its existing team of 500 people. Therefore, PTS strengthens its position as the North American leader in the field of industrial flexible packaging. The addition of a sixth plant in North America allows PTS to improve its presence in its various markets, while diversifying its product line, in order to speed up a penetration of the American territory.
Founded in 1901 and formerly operating as St-Regis and Stone, the Equipment Division of Graphic Packaging International is foremost known as the developer of a series of valve bag filling systems for packaging of granular and powdered products, mainly in the food, chemical and mineral industries. These products will now be marketed by PTS under the STONEPAK label and will complete the companys technological platforms.
This acquisition is in line with Premier Techs philosophy and approach, which aim at always offering the most complete product line to its clients of the industrial market.