Ideal Manufacturing & Sales Acquires Assets of Neupak
March 1, 2005
MADISON, Wis. - Steve Bethke, president & CEO of Ideal Manufacturing & Sales Corp., announced that a wholly owned subsidiary of the company, Crystal City, LLC, acquired the assets of Neupak, Inc., from the American Bank of St. Paul, Minn., in December. Neupak, Inc., St. Paul, had used the acquired assets to supply liquid filling equipment, case packers, container de-nesting equipment, robotic palletizers and conveyor systems to the paint and coatings as well as other industries. Ideal will continue to manufacture and sell products formerly offered by Neupak, Inc. as the Neupak Division. Through the subsidiary, Ideal is now the legal owner of all Neupak drawings, manuals and engineering-project files, enabling Ideal to provide parts and service to all customers with Neupak machines. This acquisition includes the "Flush-Fill" Filling System along with Ideal's "Connection Free" Fill Cart, positioning Ideal as the exclusive provider of either filling system. Neupak Division will be located in Madison, Wis. Telephone 800/383.1128 or 608/241.1118, fax 608/241.4448, visitwww.neupak.com, or e-mail firstname.lastname@example.org.