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Making Change

Staff -- Converting Magazine, 10/1/2004

Evansville, IN-based packaging services company Keller Crescent purchases substantially all the assets of North State Cartons LLC, a converter that provides folding cartons to consumer-products markets. Terms of the deal were not disclosed. NSC, located in Pineville, NC, has served the pharmaceutical and HBA industries for more than 60 years. It employs about 100 workers and operates a 172,000-sq-ft plant.

Venture Tape Corp., Rockland, MA, maker of specialty pressure-sensitive adhesive tapes, acquires Italian tape manufacturer BoMa on Sept 22. Under the terms of the agreement, Venture Tape will purchase BoMa's industrial tape converting operations in Villesse, Italy, for an undisclosed amount. Founded in 1980, Venture Tape has experienced consistent annual growth ranging from 10 to 25 percent. BoMa, which was established in 1977, has 73 employees and is ISO 9001-2000 certified.

Avery Dennison Corp., Pasadena, CA, completes its acquisition of woven-label manufacturer Rinke Etiketten, a privately held company based in Sprockhövel, Germany, with 2003 sales of about $25 million. The operation will become part of Avery Dennison's Retail Information Services business, expanding its manufacturing capabilities to include a complete product line of woven labels for the apparel and retail industries. Terms of the deal were not disclosed.

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