Roll goods producer and converter Precision Custom Coatings LLC (PCC), Totowa, NJ, has acquired GlobeTec Incorporated, a Maryland-based needlepunch nonwoven filtration product manufacturer. GlobeTec Incorporated has been renamed Precision Textiles, a division of Precision Custom Coatings LLC. Terms were not disclosed.
PCC executives describe the acquisition as a key step in accelerating its growth, range of offerings and production output. The company plans to convert the newly obtained production facilities from a one-and-a-half shift facility to a continually operating 24-hour-a-day mill, more than triple the facility’s workforce and double its production capacity.
“This is an exciting strategic transaction that provides Precision Custom Coatings with an enhanced ability to respond more rapidly to our customers’ needs as we are able to reduce production lead-times, increase our manufacturing throughput and expand our range of products,” said Scott Tesser, PCC president.