Winnipeg blow molder and injection molder Reliance Products LP has been purchased by industrial packaging and lubricant blending and filling company Bodtker Group.
The terms of the deal have not been announced.
Reliance specializes in blow molding and injection molding products for both the industrial and consumer markets. According to Calgary-based Bodtker Group, Reliance’s financial strength and complementary products will “further strengthen [our] position in the custom packaging industry in North America.”
“We are very excited to bring these two great companies together, making us more competitive and better able to provide value to both our customers and stakeholders,” said Nils Bodtker, president and CEO of Bodtker Group. “Reliance delivers on all of our acquisition criteria – it aligns with our core values, has great technology and people, has commitment to the environment and strengthens our position in growth markets.”
Reliance has been in business since 1958.The company manufacturers packaging products such as rigid bottles, tightheads, flexible containers and openhead pails. Its consumer products, which are sold through department stores, mass merchants and specialty outdoor retailers, include water containers, portable toilets, storage containers and tent pegs.