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Shurtape Acquires Syntac & Expands its Tape Business

Published on 2017-02-15. Author : SpecialChem

HICKORY, N.C. -- Shurtape Technologies has announced the acquisition of Syntac Coated Products, LLC, a designer and manufacturer of specialty adhesive coated products.


Together, the companies will offer a broad product portfolio that includes cloth and duct, masking and paper, packaging, foil, film, double-coated and transfer tapes, in addition to packaging dispensers and equipment for automated and manual case sealing applications.

Shurtape


Expanded R & D Capacity

Shurtape is a fifth-generation, family owned, global business that delivers tape solutions to the packaging, building and construction, DIY, HVAC, industrial, maintenance, repair and operations (MRO), arts and entertainment, and transportation industries. Syntac was established in 2001 and designs high performance industrial adhesive and tape products for automotive, medical, construction, graphic arts, sound control and product assembly applications.

Stephen Shuford, CEO for Shurtape Technologies, said:

“The combination of Shurtape and Syntac enhances our ability to support our customers through expanded research and development capacity, broadened production capabilities and global distribution. We are excited about the future and look forward to the growth that this merger makes possible for ourselves and for our valued customers.”

Curt Rutsky, CEO for Syntac Coated Products added:

“Together, we remain dedicated to delivering unmatched innovation, service and quality to the industries we serve and look forward to providing our customers with a broad range of product options and enhanced service capabilities to meet their ever-evolving needs,”.

Syntac’s staff of approximately 50 will join more than 1,500 Shurtape employees globally. The company, which will be renamed Shurtape Specialty Coating, LLC, will continue to operate its 60,000-square-foot facility in New Hartford, Conn., and new 23,000-square-foot facility in Sarasota, Fla.

Shurtape received financial advice from North Inlet Advisors, LLC, and legal advice from Robinson, Bradshaw & Hinson, P.A., and Kilpatrick Townsend & Stockton LLP in connection with the acquisition. Terms of the deal were not disclosed.

About Syntac Coated Products

Syntac Coated Products, LLC, New Hartford, Conn., is a designer and manufacturer of high performance, specialty, pressure-sensitive tapes for automotive, medical, construction, graphic arts, sound control and product assembly applications. The Company’s product portfolio includes single-coated, double-coated, unsupported transfer and self-wound tapes. Syntac prides itself on being distinguished as a Responsible Tape Manufacturer by the Pressure Sensitive Tape Council (PSTC), and is also ISO 9001: 2008 and ISO 13485 Certified.

About Shurtape®

Shurtape®, Hickory, N.C., is an industry-leading producer of pressure-sensitive tapes designed to meet the most exacting standards. Products include masking and paper, foil and film, packaging, double-coated, cloth and duct, and other specialty tape products, in addition to packaging dispensers and equipment for automated and manual packaging applications. Shurtape proudly serves a variety of markets, from painting and packaging to HVAC and transportation, with facilities in the United States, Canada, United Kingdom, Germany, Mexico, Peru, United Arab Emirates and China.

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Source: Shurtape
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