Acquisition allows Intek Plastics to broaden customer base in the point-of-purchase industry
Intek Plastics, a leader in custom plastic extrusion and fabrication, has announced that it has acquired the assets of Elite Plastic Corp. of Hawthorne, NJ. Elite Plastic is a privately held manufacturer of custom plastic profiles for the point-of-purchase market in the northeastern United States that has been in business for 25 years.
The acquisition allows Intek Plastics to serve a broader customer base with new materials and greater extrusion expertise in the point-of-purchase industry.
“The addition of Elite Plastic opens the door to a whole new customer base,” says Rob Tracy, president and CEO of Intek Plastics. “By uniting two companies that are very strong in their respective markets, both businesses will grow, improve and serve customers better.”
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Intek Plastics and Elite Plastic plan to retain their workforce and company leadership with the acquisition. Both companies will continue operating in their current locations.
Founded in 1961, Intek Plastics is an ISO 9001:2000 certified, privately held company that engineers, extrudes and fabricates custom plastic extrusions for medium to large OEMs requiring unique, high-performance solutions.