CSP to buy Maxwell Chase Technologies
CSP Technologies describes itself as the “global leader in advanced packaging solutions” and said its intended acquisition of Maxwell Chase Technologies would boost its ability to deliver absorbent and non-absorbent packaging solutions – a specialism of Maxwell’s.
The company has not confirmed how much the acquisition is likely to cost, nor when the takeover will be complete.
Maxwell’s packaging solutions, developed over its 22-year history, has helped to improve shelf-life of meat products through its control of moisture. This ability is apparently what caught the interest of CSP Technologies. But the Atlanta-based company also makes a range of processing equipment, such as slicers, tray sealers and pouch fillers.
‘Perfect fit’
“We are very excited about adding Maxwell Chase to the CSP family,” said John Belfance, CEO of CSP Technologies. “Maxwell Chase’s differentiated product offering, supported by its expertise in moisture-absorbent technology and focus on high-quality and exceptional customer service is a perfect fit for our business. With Maxwell Chase we can more rapidly diversify our business profile and in keeping with our long-term strategy to develop active packaging solutions for the healthcare and food industries.”
On the takeover by the CSP, the partnership of the two companies seemed a no-brainer to Maxwell because of CSP’s emphasis on quality and innovation.
“We are excited about our partnership with CSP,” said Michael Walsh, CEO and part-owner of Maxwell Chase Technologies. “They understand our heritage and its emphasis on innovation, quality and, most importantly, people – all of which have been essential to our success. Together we have the capability to deliver numerous benefits to our customers by continuing to innovate and provide enhanced and reliable food packaging solutions to the global market.”
