CSP Technologies, Inc. to acquire Maxwell Chase Technologies
CSP Technologies, Inc. (csptechnologies.com),a global leader in advanced packaging solutions that ensure product protection, enhance brand recognition and improve consumer experiences, announces plans to acquire Maxwell Chase Technologies, LLC (maxwellchase.com), a producer of absorbent and non-absorbent packaging solutions for the food industry.
Maxwell Chase is an Atlanta-based producer of innovative active packaging solutions that, through moisture control, improve quality and extend shelf life in fresh foods, including fresh-cut fruits, vegetables, meats, poultry and seafood. The company also produces processing equipment such as slicers, tray sealers and pouch fillers that integrate with its packaging solutions to deliver superior yield and lower production costs.
For CSP Technologies, the acquisition of Maxwell Chase represents a key platform for additional expansion into the food industry. Focused on pioneering new technologies and designs that ensure product protection, extend shelf life, and enhance brand recognition, CSP Technologies offers customers a single, reliable source for custom product design, development and manufacturing. Its portfolio of products falls into four main categories: vials, films and blisters, molded components and specialty packaging capabilities.
The acquisition makes CSP Technologies the new standard bearer for Maxwell Chase’s signature Fresh-R-Pax® absorbent, a blend of food-safe materials that the company uses – among other packaging solutions – in its well-regarded line of absorbent trays. The absorbent technology is incorporated safely and securely in the wells at the bottom of trays, where it absorbs excess fluids. Ideal for a wide assortment of fruits and vegetables, the absorbent trays’ removal of excess fluids extends shelf life, improves overall quality, and eliminates the need for products to be spin dried – a process tied to decreased yields and heightened risk for product damage. It also significantly reduces dripping, a frequent cause of customer complaint.
“We are excited about our partnership with CSP. They understand our heritage and its emphasis on innovation, quality and, most importantly, people – all of which have been essential to our success. “Together we have the capability to deliver numerous benefits to our customers by continuing to innovate and provide enhanced and reliable food packaging solutions to the global market,”says Michael Walsh, CEO and part-owner of Maxwell Chase Technologies.
“We are very excited about adding Maxwell Chase to the CSP family,” says John Belfance, CEO of CSP Technologies. “Maxwell Chase’s differentiated product offering supported by its expertise in moisture-absorbent technology and focus on high quality and exceptional customer service is a perfect fit for our business. With Maxwell Chase we can more rapidly diversify our business profile and in keeping with our long-term strategy to develop active packaging solutions for the healthcare and food industries.”