Proven Tape Technology Brands Deliver Greater Value to Packaging Distributors and OEMs Nationwide
LITTLE FERRY, N.J. (March 27, 2023) – Adherex Group (“Adherex” or the “Company”) announced today that it has brought together proven tape technology brands to form a new company designed to deliver high-performance adhesion technologies and specialty-engineered solutions to packaging distributors and OEMs nationwide. Bob Marquette, former Bostik executive and Adherex Group CEO, and Dave Burger, former 3M executive and Adherex Group Executive Board Chair, lead the Company. Adherex Group is a portfolio company of Akoya Capital, a leading sector-focused, independent private equity firm.
Primetac, Concord, SpecBond and Cutting Edge serve as the Company’s power brands, representing a comprehensive offer of adhesion solutions ranging from practical to complex, including PSA tapes, converted tapes, films and specialty-engineered materials. The Company’s broad offer, deep expertise, nationwide footprint and unrelenting commitment to customer success position it to deliver greater value to its customers – serving as their growth catalyst.
According to Marquette, Adherex Group is poised to solve business challenges and enable its customers to grow faster. “Adherex fills a gap in the marketplace for companies who need quick access to an expansive inventory of high-performance tapes and films, proven converting capabilities, and the knowledge and experience required to specify application-specific solutions. Our business model combines the personalized service and responsiveness of a smaller company with the collective capabilities of a larger enterprise,” he explained.
Adherex Group will go to market through its two businesses, Adherex Packaging and Adherex Specialty Materials.
Adherex Packaging serves industrial packaging distributors with high-performance industrial tapes and films. Access to local expertise, a comprehensive product inventory and five regional distribution centers ensure short lead times and speed of delivery, while avoiding supply chain disruptions.
Adherex Specialty Materials drives the growth of OEMs in the Aerospace, Transportation, Medical, Electronics, Industrial and Appliance markets with a broad range of specialty-engineered solutions, converting and value-added capabilities. From new applications to standard stock products, Adherex Specialty Materials tackles tough applications, drives product development and delivers contract converting services.
About Adherex Group
Headquartered in Little Ferry, N.J., Adherex Group brings together the collective power of its brands – Primetac, Concord, SpecBond and Cutting Edge – to drive the growth of packaging and industrial distributors, and OEMs in the Aerospace, Transportation, Medical, Electronics, Industrial and Appliance markets. Combining premium adhesion solutions with unprecedented customer service, Adherex Group is a growth catalyst for its customers. It is a portfolio company of Akoya Capital, a leading sector-focused, independent private equity firm.