Selig acquires Systematix

By Jim Cornall contact

- Last updated on GMT

Selig produces, among others, induction heat seals for dairy products. Pic: Selig
Selig produces, among others, induction heat seals for dairy products. Pic: Selig

Related tags: Packaging, Milk

Illinois-headquartered packaging company Selig Group, owned by CC Industries, has completed the acquisition of Performance Systematix (PSI).

Founded in 1984, PSI is a US-based supplier of container and packaging venting solutions worldwide, which protect container integrity, eliminate waste, and reduce shipping costs. The combination provides Selig with highly complementary adjacent capabilities to serve its customers more broadly on a global basis.

This transaction is Selig’s third acquisition and reflects its strategy to augment growth and expand its business model via complementary solutions.

“PSI is an exceptional company with a long history of growth, and has built its success on solving customers’ problems, a core value that Selig shares,”​ said Bill Crown, president and CEO of CCI.

“We look forward to supporting both Selig and PSI’s continued growth globally and further expanding the combined company’s capabilities and solutions.”

Steve Cassidy, president and CEO of Selig, said, “PSI’s culture of innovation, service and quality are well-aligned with Selig and will enable us to serve customers better as a combined organization with expanded capabilities and short, highly responsive product development cycles.”

Glenn Dunn, PSI’s president, said, “Selig is an ideal partner to support PSI’s team in its next phase of growth. This is a highly strategic combination which expands both companies’ product lines, enabling us to provide a more comprehensive solutions offering for customers globally. We will continue to focus on the innovative, high quality products and the exemplary service our customers rely upon.”

 PSI will operate as a subsidiary of Selig and continue serving its customers from its Grand Rapids, Michigan, USA facility.

Selig Group is a global flexible packaging company that supplies technically-differentiated closure lining solutions for food, beverage, pharmaceutical, healthcare, personal care and industrial applications. It also manufacturers technical and flexible packaging products in Europe for pouch and other applications.

Related topics: Processing & Packaging, Fresh Milk

Related news

comments

Post your comment

We will not publish your email address on the website

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.

Follow us

Products

View more

Webinars