Principle Business Enterprises, a technology leader in moisture management products, has acquired the business assets and operations of Absorbent Products Company, Inc. of Bowling Green, OH. "The acquisition of APCI is consistent with our mission, by allowing us to enter new markets and expand our ability to provide the highest quality products and services to our customers and business partners," says Chuck Stocking, Co-CEO of PBE. "APCI employs a technical workforce with skills that complement the current PBE team. They also have valuable production machinery that is needed to fuel PBE's current growth in the incontinence and personal care marketplace." Stocking adds "This acquisition is also great for Northwest Ohio because it keeps at least 35 jobs in the area that might otherwise be moved out of the state or possibly out of the country."
Headquartered in Dunbridge, OH, PBE is a leading manufacturer of adult incontinence products under the brand name Tranquility. The company also serves Medicaid Managed Care organizations with its best-in-class Select brand of incontinence products. The quality of these products has been shown to drive waste and cost out of healthcare, improve clinical outcomes and uplift the quality of life for users and caregivers dealing with incontinence. Building on 30 years of success in the healthcare sector, PBE has recently expanded its moisture management technology to wound care. The company's absorbent and wound cleansing products marketed under the brand name NovaGran have demonstrated the highest effectiveness in accelerating healing of the most difficult-to-heal wounds.
APCI, founded by Paul and Amy Rankin, is a highly-respected producer of private label absorbent products as well as incontinence products marketed under the brand name Compaire. APCI's absorbent pads, lab tray liners and specialty dressings have proven effective in the trapping and disposal of undesirable fluids. Chuck Stocking says "Paul Rankin has built a respected company with an excellent team that we are honored to preserve as an ongoing business operation."
