Mold-Rite Plastics, a manufacturer of rigid plastic packaging, has acquired Stull Technologies, a New Jersey-based manufacturer of dispensing closures, caps, lids, and packaging components.
The acquisition will broaden Mold-Rite Plastics’ product line, geographic reach and manufacturing capabilities. Innovative caps and closures are Stull Technologies' specialty.
Mold-Rite Plastics, which is owned by private equity firm Irving Place Capital, will retain the Stull name. This will leverage the brand equity that Stull Technologies has built over decades in the plastic packaging industry, the company says.
P&M Corporate Finance served as financial advisor to Stull Technologies.