Acrotech Buys Small-volume Specialist


Lubricant supplier Acrotech Industries said it recently acquired Panef Corp., a Milwaukee-based packager of oils and greases. Acrotech said it was attracted by Panefs ability to fill small containers – and that it will be incorporated into Acrotechs strategy of catering to small volumes.

Our strategy is to service those companies who are looking to have a professionally packaged product but cannot meet the minimum volume levels required by high-volume contract packagers, Acrotech Vice President Mike Schmidt said.

Panef is a 60-year-old supplier of lubricating oils, greases and powders that it frequently packages in tubes and other small containers. Officials said it has focused on contract packaging small- to medium-volume runs.

The companies did not disclose terms of the transaction. Panef will remain housed in its Milwaukee plant and will operate as a division of Acrotech.

Acrotech is based in Crystal Lake, Ill. In addition to contract packaging, it markets Lubriko lubricants, Slip Plate dry film products and AcroTropic Reef Sand.

Related Topics

Market Topics