The Oakdale Company Enhances Future with Century-Tech Acquisition
The Oakdale Company's Strategic Move with Century-Tech
In a bold strategic expansion, The Oakdale Company has acquired Century-Tech, Inc., a recognized name in the flexible packaging machinery sector. This acquisition is set to enhance Century-Tech's growth trajectory, allowing the company to leverage The Oakdale Company's investment capabilities for operational excellence and market expansion.
Plans for Investment and Growth
Under the new ownership, Century-Tech is poised to ramp up its product development efforts and scale its operations. There is a clear vision for aggressive growth, which includes both organic innovation and strategic acquisitions. Century-Tech will actively pursue additional acquisitions to expand its capabilities and diversify its product offerings, aiming to serve clients across various global markets.
Focus on Innovation and Market Expansion
The Oakdale Company intends to revitalize Century-Tech’s research and development initiatives. By investing in cutting-edge packaging solutions such as biodegradable and sustainable options, Century-Tech aims to address the existing industry demand for environmentally friendly products.
Boosting Customer Service
In addition to expanding product lines, The Oakdale Company is committed to enhancing customer support services. This includes reinforcing field service teams and ensuring better availability of spare parts, thereby improving maintenance programs and customer satisfaction.
Enhancing Operational Efficiency
To meet increasing customer demands, Century-Tech recognizes the need for scaling its workforce. Hiring talented professionals in key operational areas will be a priority, ensuring operational excellence in alignment with the company's growth objectives.
Strategic Acquisitions for Comprehensive Solutions
The plan is clear: identify and integrate complementary businesses that can strengthen the overall offerings to packaging clients. This strategy underlines the emphasis on providing a more comprehensive suite of solutions to meet diverse client needs across the globe.
Market Leadership and Future Growth
With this acquisition, Century-Tech is well-positioned to solidify its standing as a leader in the packaging machinery industry. The focus will remain on improving efficiencies, reducing operational waste, and meeting evolving market regulations, which are crucial for attracting converters of plastic and biodegradable films.
Long-Term Commitment to Success
Clinton Townsend, CEO of The Oakdale Company, emphasized the commitment to strengthening Century-Tech's market presence and product diversity. This partnership will not only benefit the company and its employees but is also geared towards a broader positive impact on the industry.
Continued Leadership and Investment in Resources
To ensure stability during this transitional phase, Century-Tech’s existing leadership team, including President Peter Terranova and Vice President Louis Mastrangelo, will remain in their roles. Their experience is pivotal for maintaining continuity while also integrating new strategies for expansive growth.
About The Oakdale Company
The Oakdale Company stands out as a private investment firm committed to long-term ownership and sustainable business growth. Differentiating itself from traditional private equity, Oakdale invests strategically in established companies with revenues ranging from $5 million to $25 million, allowing for development free of the pressures typically associated with immediate financial returns.
Frequently Asked Questions
What is the significance of The Oakdale Company's acquisition of Century-Tech?
This acquisition exemplifies strategic expansion and investment in innovative packaging solutions while enhancing Century-Tech's market reach.
How will Century-Tech benefit from this acquisition?
Century-Tech aims to enhance its operational capabilities, introduce new products, and improve customer service under The Oakdale Company's leadership.
What are Century-Tech's growth strategies?
Century-Tech plans for organic growth through innovation and also seeks to acquire complementary businesses to expand its offerings.
Who remains in leadership positions at Century-Tech after the acquisition?
Peter Terranova and Louis Mastrangelo will continue as President and Vice President, ensuring leadership continuity and operational stability.
What distinguishes The Oakdale Company's investment strategy?
The Oakdale Company focuses on long-term investments in established businesses, unlike conventional private equity, which seeks quicker returns.
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