The acquisition was first announced on August 2nd, 2022
KTM Industries is the maker of Green Cell Foam, a starch-based insulation material that is one of the protect perishable food and life science shipments. (Credit: Yuri from Pixabay)
TemperPack Technologies, Inc, a manufacturer of sustainable materials for cold chain packaging, announced that it has closed the acquisition of KTM Industries.
The acquisition was first announced on August 2nd, 2022.
KTM Industries is the maker of Green Cell Foam, a starch-based insulation material that is one of the protect perishable food and life science shipments. With this move, TemperPack will be able to offer customers an expanded product line and increased market coverage. The combined enterprise will have over 700 employees in four U.S. locations: Holt, MI, Las Vegas, NV, Reno, NV, and its headquarters in Richmond, VA.
“We’re thrilled to have completed the transactionand come together as one TemperPack. We’reexcited to begin the process of working together tointegrate our businesses and build on ourstrengths. Together, we are committed to bringingthe market protective materials that are better forpeople and the planet,” said Bob Beckler, Chairman and CEO TemperPack.
Source: Company Press Release