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Precision Concepts Buys Meredith-Springfield

Latest acquisition by this diversified producer of rigid packaging is a Northeast leader in technical blow molding.

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Source: Getty Images

Source: Getty Images

announced in March that it had acquired (MSA) of Ludlow, Massachusetts. Meredith-Springfield specializes in design and blow molding of PET and HDPE bottles and containers, especially those presenting technical challenges. It was co-founded in 1983 by Mel O’Leary, president and CEO. Precision Concepts says Meredith-Springfield will continue to be led by its existing leadership team.

Based in Huntersville, North Carolina, Precision Concepts is a diversified manufacturer of rigid packaging — jars, vials, bottles, closures, spouts and deodorant sticks — as well as laminate tubes. It employs extrusion, injection molding (including two- and three-shot), extrusion blow molding, and one- and two-stage stretch-blow molding of PET, HDPE, PP and PS. Primary markets include food and beverages, personal care and nutraceutical industries.

Precision Concepts was launched as Intra-Pac Group in 2003 when it was spun off from CCL Industries. The current name was adopted in 2022. It has around 1,200 employees and nine manufacturing plants located in Georgia, North Carolina, Florida, Indiana, Arizona, Costa Rica and Ontario and Alberta, Canada, and now Massachusetts.

Meredith-Springfield is the firm’s eighth acquisition. “This acquisition extends our footprint in the Northeast and continues our strategy of partnering with world-class, founder-led ´óÏó´«Ã½es,” says Ray Grupinski, Precision Concepts’ CEO.

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