Manufacturer of rigid plastic packaging products Mold-Rite Plastics has acquired Stull Technologies, a manufacturer of dispensing closures, caps, lids, and packaging components.
Thus acquisition of Stull is part of the larger expansion plan for US-based Mold-Rite, which includes both organic growth and acquisitions.
Mold-Rite Plastics president and CEO Brian Bauerbach said making Stull Technologies a part of its family is another example of the commitment to better service, flexibility and customer-focused value.
"We are very excited to work with the outstanding people at Stull to continue our mission of enhancing our customers’ products through superior packaging solutions," Bauerbach said.
Stull Technologies sales & marketing EVP Jason Stull said joining forces with Mold-Rite Plastics will improve the quality of products, services, and overall value that it brings to its customers.
The acquisition serves to widen Mold-Rite Plastics’ product line, geographic reach and manufacturing capabilities while adding talented personnel to its organization.
Stull name will be retained to exploit the substantial brand equity that the company has built.
Stull Technologies is known within the packaging industry for innovative caps and closures.