Meridian Acquires Tri-Tex's Adhesives Division
Meridian Acquires Adhesives Division from Tri-Tex
Meridian Adhesives Group (Meridian), a Canada-based leader in the global chemical industry, announced the acquisition of the adhesives division of Tri-Tex Co Inc. (Tri-Tex).
The Tri-Tex adhesives business unit will join Meridian's Industrial Packaging Division, which includes Prime Blend and Evans Adhesive Corp. Currently serving packaging, paper converting, woodworking, joinery and panel end markets, the Tri-Tex adhesives business unit will support Meridian's adhesive technology platform by manufacturing hot melt, water-based, pressure-sensitive and general-purpose adhesives.
"This partnership will continue to advance our global footprint with the latest technology."
Daniel Pelton, Chief Executive Officer of Meridian Adhesives Group, said: "We look forward to expanding our Industrial Packaging Division with new product lines and geographies. This partnership will continue to advance our global footprint with the latest technology."
This addition marks Meridian's eighth acquisition since the beginning of 2021 and brings the Meridian portfolio to a total of 16 acquisitions since its launch in 2018.
Jerry Stempel, President of Prime Blend, who will oversee the new acquisition alongside Ken Forlenza, General Manager of the Tri-Tex adhesives business unit, said: "We are excited to welcome the Tri-Tex adhesives business to our rapidly expanding Industrial Packaging Division. The Tri-Tex team and technologies will not only complement Meridian's resources but will also enhance our ability to help our customers successfully achieve their objectives."
Concurrent with this transaction, Tri-Tex sold its Paints & Pigments and Surfactants divisions to Polyventive.
