Tri-Tex's adhesives business serves customers in the packaging, paper converting, woodworking, and millwork and panel end markets
Meridian Adhesives Group has acquired the adhesives division from Canadian chemical company Tri-Tex for an undisclosed sum.
Meridian will combine the Tri-Tex adhesives business with its industrial packaging division, which consists of Prime Blend and Evans Adhesive Corp.
At present, the Tri-Tex adhesives business serves customers in the packaging, paper converting, woodworking, and millwork and panel end markets.
By manufacturing hot melt, water-based, pressure-sensitive and general-purpose adhesives, the Tri-Tex adhesives business is said to support Meridian’s adhesive technology platform.
Meridian Adhesives Group CEO Daniel Pelton said: “We are looking forward to expanding our Industrial Packaging Division with new product lines and geographies.
“This partnership will continue to advance our global footprint with leading-edge technology.”
Meridian stated that the Tri-Tex adhesives business is the company’s eighth acquisition since the beginning of this year and brings its portfolio to a total of 16 acquisitions since its inception in 2018.
Tri-Tex has also divested its dyes and pigments and surfactants divisions to Polyventive, in concurrent with adhesives business transaction.
Tri-Tex adhesives business general manager Jerry Stempel said: “We are excited to welcome the Tri-Tex adhesives business to our rapidly expanding industrial packaging division.
“The Tri-Tex employees and technologies will not just complement but enhance Meridian’s resources in order to successfully achieve our customers’ goals.”
Earlier this month, Meridian Adhesives Group acquired Indiana-based American Sealants, which develops product assembly adhesives and sealants.
Meridian supplies a range of advanced solutions to customers in the electronics, infrastructure, and industrial markets.