CGR Products Expands With Acquisition Of Minnesota Manufacturer
Combination gives Greensboro, N.C.-based flexible materials fabricator a larger geographic footprint and greater capabilities
GREENSBORO, NC (January, 2021) – CGR Products, a fabricator of flexible materials with a 57-year history of providing customized solutions to the manufacturing industry, has acquired Minnesota-based tape converter Custom Tape Company, it was announced today.
The acquisition was announced jointly by Chuck Keeley, President, CGR Products; and Jeff Gilberg, President, Custom Tape Company. The combined company will employ more than 140 employees in four states, expanding the ability for CGR Products to meet the demands of customers who require precision fabricated products and quick turnaround times.
“Growth through acquisition has been a key component of our strategic plan and is an important initiative to assure our long-term success and to provide additional growth opportunities for our associates,” said Keeley. “I am really excited about this new partnership. Custom Tape Company participates in several markets that are very attractive to CGR Products, and having Jeff continue with our company was key. He and his team bring years of converting know how and expertise that will benefit us company-wide”
Gilberg will remain with CGR after the acquisition as will all employees of Inver Grove Heights-based Custom Tape – an important ingredient in leveraging the experience, expertise, and excellent reputation of Custom Tape. “We are very excited to take this next step with CGR,” said Gilberg. “We look forward to expanding CGR’s capabilities and taking them into new markets. Their ERP system will greatly benefit our customers and hopefully increase our overall efficiency, as well as increase our throughput and help us reduce costs and waste.”