Thermoforming Technologies Group bought by Tenex Capital Management
Canadian PlasticsPlastics Processes
Thermoforming Technologies Group (TTG), a leading manufacturer of thermoforming machinery, has been purchased by private equity firm Tenex Capital Management.
The terms of the deal have not been disclosed.
Headquartered in Beaverton, Mich., TTG makes thermoforming equipment for converting plastic sheet into high-value-add products. In 2014, TTG acquired Lyle Industries of Beaverton, one of the leading thermoforming machinery manufacturers in the U.S. TTG is also the parent company of Brown Machine LLC and EPCO LLC, which were acquired in January 2008.
“As a result of this transaction, we become even better positioned to bring our market leading technology and service to the next level,” said Bryan Redman, CEO of TTG.