mactac, a LINTEC company, has acquired Duramark Products Inc., formerly known as Ritrama USA. The acquisition covers the company’s facilities in Minneapolis, Minnesota and Moore, South Carolina, including its new world-class coaters and advanced automation technologies. Both sites will be rebranded as Mactac, creating one of the largest and most diverse pressure sensitive adhesive (PSA) suppliers in North America.
“We are excited to make this announcement and to maximize Duramark Products’ recent investments in state-of-the-art equipment and processes,” said Ed LaForge, President and CEO of mactac. “We will leverage our experience and established network to help both sites reach their full potential, bringing much-needed product diversification and capability to the industry.”
Mactac’s continued focus on market growth and its diverse account base has led to a need for strategic expansion of operations. With this significant investment, Mactac affirms its continued commitment to developing its technology, capacity and adhesive formulation capabilities to become a full-service resource for customers.
“Both companies have a rich history of innovation and expertise in the PSA market,” said Lucio Siano, CEO of Duramark Products, who will remain at Mactac in a strategic role. “Our capabilities couldn’t be more complementary, and I know the combination will bring immediate value to our employees and customers. With Mactac’s experience and infrastructure, we will finally be able to maximize the significant investment we made in world-class assets in 2016. There is a bright future for all of us.
Duramark Products locations in Minnesota and South Carolina employ 170 people. Mactac has been planning for months to expand R&D, quality and production at these facilities, including adding a significant number of new jobs.
“Through this acquisition, we are able to build on our core strengths in innovation, distribution and personal service for adhesives and films to add value to our customers,” said LaForge. “This investment is a step in the major strategic expansion plan that we have been executing since last year. We look forward to realizing the opportunities this acquisition brings to our employees and to the marketplace. »
For over 60 years, Mactac has served the PSA materials market providing, among others, label printing, graphic design, packaging, retail display, fleet graphics, automotive assembly and assembly of medical devices. He is known for providing exceptional support to clients to help them grow their business and diversify their product offerings.
LINTEC is a world leader in the field of adhesive materials. Mactac’s acquisition of the assets of Duramark Products further reinforces LINTEC’s commitment to bringing its comprehensive global capabilities to the North American market.
Mactac and its parent company, LINTEC, will continue to invest heavily in R&D and operational improvements as part of their strategic plan.