22nd August, 2022
Tri-Wall Limited, referred to hereinafter as the Tri-Wall Group, is pleased to announce that its fully owned North American subsidiary, TW America Inc, has entered into an asset purchase agreement to acquire 100% of the business assets of Action Wood Technologies, Inc., a Michigan based packaging provider with deep expertise in bespoke wood packaging solutions. To facilitate the asset purchase, TW America Inc. established a fully owned subsidiary, Action Wood Solutions LLC, which will take the Action Wood business forward. Closing of this transaction is expected at the end of September 2022.
President of TW America Inc., Matthew Ryan, comments, “The addition of Action Wood represents another exciting milestone for the Tri-Wall Group in North America. Action Wood’s unique capabilities will allow the Tri-Wall Group to offer new and complimentary products in North America. The Tri-Wall Group is committed to Action Wood’s future growth and to ensuring continuity of all its valued customers and employees. We see vast potential in the combination of Action Wood’s capabilities and team with those of the Tri-Wall Group and are confident that this combination will bring new opportunities to both organizations and further the Tri-Wall Group’s mission of serving its customers with the upmost integrity, quality, and innovation.”
CEO of Action Wood Technologies, Mark Beck, comments, “It has been our great pleasure to help Action Wood Technologies grow into the company it is today. We have a tremendous team and talented leaders within the organization, and we are confident Action Wood Solutions will continue to thrive and be a thought leader in the industrial packaging space.”
Having been in business since 1984, Action Wood is well-established in the US market as a leading wood packaging solutions provider, serving customers in the automotive, aerospace, defense, and general industrial markets. Operating from its facility in Clinton Township, Michigan, Action Wood provides customers with a wide-array of bespoke wooden packaging products including nail-less and collapsible wooden crates, graphic printed packaging, and certified dangerous goods packaging, which is supported in part by extensive know-how in battery transport. A cornerstone to the success of the business has been its highly experienced labor force allowing the company to provide quick turnaround and premier quality on even the most complex projects. To learn more, please visit www.actionwood360.com.
Under the management of Rengo Co., Ltd, the largest packaging supplier in Japan with over 110 years of experience in manufacturing corrugated packaging solutions, the Tri-Wall Group has made several large strides in expanding its global network including entering the North American market in 2017. Today, the Tri-Wall Group operates over 100 facilities across 20 countries, delivering an array of packaging products and services to numerous industrial customers. The addition of Action Wood will allow Tri-Wall to further its vision of becoming a one-stop packaging solutions provider. The Tri-Wall Group is delighted to be able to welcome Action Wood into the Tri-Wall family and sees the Action Wood team bringing enhanced value to the Tri-Wall Group’s customers and operations in North America.