Oct 04, 2010
Stoffel Seals Corporation, a manufacturer of security and traceability products and brand identification and promotional solutions, has been acquired by Livingston, NJ based Tyden Group Holdings Corporation. Tyden Group is a Crimson Investment and Bertram Capital portfolio company.
"We are very excited about the acquisition of Stoffel Seals, which will further enhance the strong market position of TydenBrook's Security Products Group," said Paul Baldetti, CEO of Tyden Group. "The two companies are highly complementary across product categories, end markets and channels of distribution, and the combination will allow TydenBrooks to provide our customers with the industry's broadest suite of security, traceability and identification solutions."
Both Tyden Group, though its TydenBrooks Security Products Group, and Stoffel Seals are leading manufacturers of cargo security seals that identify and prevent tampering of goods shipped across all modes of transportation. Security seals are critical products that ensure supply chain integrity in the global transport of goods. Combined with Stoffel Seals, TydenBrooks Security Products Group will produce a comprehensive offering of cable and bolt barrier seals, plastic and metal strap indicative seals, specialty adhesive and other non-cargo seals, brand identification and technology-enabled products.
Kevin Yamashita, a Partner at Bertram Capital, added, "The combination of Stoffel Seals and TydenBrooks will be mutually beneficial, enabling Stoffel Seals to leverage TydenBrooks' global manufacturing footprint and sales presence, and expanding TydenBrooks' customer reach through Stoffel Seals' strong distributor partnerships. Together, the combined business will be uniquely positioned in the industry."
About Tyden Group
Tyden Group companies have become leaders in their industries by providing global customers with innovative and customized security, traceability, identification and utility solutions. Tyden Group operates three divisions: TydenBrooks Security Products Group, Brooks Utility Product Group and Telesis Technologies. TydenBrooks Security Products Group is a leading global manufacturer and marketer of plastic indicative and cross border ISO 17712 compliant high security seals for the global logistics community. Brooks Utility Products Group is a market leader in metering related products such as meter adapters, test switches, meter sockets and seals for the utilities industry. Telesis Technologies provides direct part marking equipment that use specialized lasers or mechanical mechanisms to place unique identifier codes on a wide range of products and materials for product identification and traceability applications.
About Stoffel Seals
Stoffel Seals Corporation is a leading manufacturer of customizable, high quality security and traceability products serving diverse end-markets. Stoffel's security and traceability solutions include indicative seals, high security seals and track and trace products, which secure, protect the integrity of, and enhance the traceability of goods-in-transit and items in storage. In addition, Stoffel produces a broad line of brand identification and promotional solutions designed to increase brand awareness at the point of purchase.
About Crimson Investment
Established in 1993, Crimson is an international private equity firm focused on investments in manufacturing and services companies.