Advanced Web Technologies Acquires US Converting
Wednesday, October 26, 2011
Press release from the issuing company
Advanced Web Technologies, LLC, based in Minneapolis, MN announced today it has acquired the assets of US Converting, Inc. of South Elgin, IL.
Advanced Web is a pressure sensitive label and flexible packaging converter that serves the Medical Device, OEM, Prime and Specialty Product Markets. Through mergers and acquisitions, Advanced Web has been doing business since 1976.
US Converting, Inc. is a wide web flexible packaging converter that was established in 1985. As a superior quality printer and laminator, US Converting provides innovative solutions for customers in the consumer packaged goods industry.
“With the proven track record and expertise US Converting has in flexible packaging, we believe this merger will add tremendous value to our stakeholders. Our valued customers in both companies will directly benefit from the combined companies capabilities and expertise. US Converting will continue to operate at their current facility in South Elgin, IL. We look forward to working with the flexible packaging experts at US Converting to continue to expand both customer bases in the years to come,” says Kip Colwell, CEO of Advanced Web.
General Manager of US Converting, Mike Gallagher states , “We are very excited about joining Advanced Web. The business philosophies between the two companies are very similar and we anticipate great things to come from this new venture. I believe our employees, customers and suppliers will all benefit with this exciting news. By positioning US Converting with Advanced Web, we will be able to expand our customer base and provide our clients with expanded capabilities from both companies that are second to none. “
Advanced Web is known for delivering total applied cost solutions to customers with labeling and flexible packaging products. This is accomplished by using a variety of proven techniques and innovative methods. Advanced Web provides the creativity necessary to streamline and add flexibility to any labeling system. We produce products that stand up against the toughest conditions and the company’s proven knowledge and experience promotes and protects brands.
Advanced Web was named “companies to watch” by Label and Narrow Web magazine in October, 2010.
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