Engage Technologies Corporation, the parent company of Squid Ink Manufacturing, EZ-Tek Industries, and Cogent Technologies, has acquired of Eastey Enterprises Inc., a manufacturer of shrink packaging and heat sealing equipment.
Eastey Enterprises, headquartered in Rogers, MN, manufacturers a complete line of L-sealers, sleeve wrappers, shrink tunnels and bundling equipment. Eastey packaging systems are used for industries including food and beverage, electronics, medical and pharmaceutical, and other manufactured goods. Eastey has been in business for more than 25 years and has an installed base of more than 14,000 systems. They will continue to operate out of Rogers, MN as a wholly owned subsidiary of Engage Technologies Corp.
"We are excited to add Eastey to the Engage team, which expands our strategically important packaging equipment platform," William T. Hoagland, president and CEO of Engage Technologies comments. "Eastey brings a strong brand, excellent complementary products, and a history of providing quality products to the industry. They are a clear leader in the shrink packaging arena offering us significant opportunities for further growth, and we look forward to merging our two product lines and sales channels."
"This is a win-win for our customers," says Eastey president Jeff Eastey. "As part of Engage Technologies, we have the financial and organizational backing to expand our capabilities, increase the promotion of the Eastey brand, and build on our tradition of providing quality packaging solutions to our customers."
SOURCE: Engage Technologies Corp.