Century-Tech, Inc., a leading manufacturer of flexible packaging machinery, has been acquired by The Oakdale Company, a private investment firm focused on long-term business growth and operational excellence. The acquisition marks a strategic move to position Century-Tech for rapid expansion through both organic growth and targeted acquisitions.
Investment and Expansion Strategy
With The Oakdale Company’s financial backing, Century-Tech aims to accelerate product innovation, scale its operations, and expand its global market presence. The company plans to drive growth by developing cutting-edge packaging technologies and acquiring complementary businesses to strengthen its capabilities. Expansion efforts will target markets across North America, Central America, the Caribbean, Asia, and Africa.
Enhancing Capabilities and Market Leadership
Century-Tech, known for its engineering expertise in plastic and biodegradable bag manufacturing machinery, will focus on four key areas under its new ownership:
Product Innovation: Expanding research and development to create next-generation sustainable packaging solutions.
Customer Service Improvements: Strengthening field service teams, enhancing spare parts availability, and launching proactive maintenance programs.
Operational Growth: Recruiting top talent to support increased customer demand.
Strategic Acquisitions: Integrating complementary businesses to broaden its product offerings.
Industry Impact and Global Expansion
This acquisition underscores a commitment to solidifying Century-Tech’s position as a leader in packaging machinery. By enhancing operations and expanding its product portfolio, the company aims to help packaging manufacturers improve efficiency, reduce waste, and comply with evolving regulations.
“The Oakdale Company is dedicated to Century-Tech’s long-term success and its role as a key partner in the industry,” said Clinton Townsend, CEO of The Oakdale Company. “We see significant opportunities to expand its market presence and product line through strategic acquisitions, ensuring sustainable growth that benefits customers, employees, and the industry as a whole.”
Leadership Stability and Future Investments
Century-Tech’s existing leadership team, including President Peter Terranova and Vice President Louis Mastrangelo, will remain in place to ensure business continuity. The Oakdale Company also plans to invest further in human resources, product development, and operational infrastructure to enhance service quality and maintain seamless client support worldwide.