Acquisition of PAC Strapping Products Inc. & US Strapping Company Inc.

FROMM Holding AG, Switzerland is pleased to announce today the acquisition of:
PAC Strapping Products Inc, located in Exton, Pennsylvania, USA
US Strapping Company Inc, located in Lancaster, South Carolina, USA

These two companies are full service manufacturers and providers of Polyester and Polypropylene Plastic Strapping, Corded Polyester Strapping, Steel Strapping, Strapping Machines, Strapping Tools and Accessories. These products are used for the Packaging and Securement of products in all Manufacturing and Service industries in the global market.

The PAC Strapping Products Inc. company was founded by Edwin (Ed) A. Brownley Jr. and Peter (Pete) J. Silvester Jr. in 1982. The US Strapping Company Inc. was founded in 1993 by Ed and Pete together with Alan S. Kaskowicz. All three former owners will continue in their current roles, ensuring an orderly transition of the businesses.

This acquisition gives FROMM immediate benefits by providing North American manufacturing capabilities with an excellent experienced and talented work force. It also provides a very mature and loyal network of quality customers in all market and industry sectors.

The acquisition is also very strategic for FROMM, as it gives them a much larger footprint in North America and helps to better balance their Global portfolio of businesses, which was a key strategic objective for FROMM. It also offers additional marketing channels for existing and future world class FROMM products, which are currently in the development stage.

Each company will continue to operate independently and under its own name. Kevin McCarty (President, FROMM Canada) will assume the role of President PAC Strapping Products Inc. and US Strapping Company Inc.

You will find more information about both companies at their mutual corporate website:
https://strapsolutions.com/

For more information please contact:
Mr. Anton Boswijk, Director Marketing and Communications, FROMM Holding AG.
Tel. +31 (0)620015487 – E-mail:
a.boswijk@fromm-pack.com
Americas: Mr. John Morton, Strategy & Business Development North America.
Tel. +1 (905) 428 3444 – E-mail:
jmorton@frommpackaging.ca