Cello-Pack Corp., a Cheektowaga company that handles specialized printing needs including transparent bags used in the food industry, has been sold.
According to documents filed with the Erie County Industrial Development Agency - and approved Monday morning by its directors - Cello-Pack was acquired by Trinity Packaging Corp. of Armonk.
Trinity, like Cello-Pack, is privately-held.
Terms of the deal were not disclosed. ECIDA documents indicate that Trinity has "a net worth of not less than $25 million."
Founded in 1948 and a subsidiary of Gioia Management Inc., Cello-Pack has 150 employees at its 55 Innsbruck Dr. operations. No jobs are expected to be lost, ECIDA officials said.
"They fully intend to keep their operations in Cheektowaga," said Karen Fiala, ECIDA assistant treasurer.
Cello-Pack's products are commonly found in the pet care and food industries as well as supermarket packaging for meats, diary and beverages. The company, six years ago, invested more than $8 million in improvements to its Cheektowaga plant.
"With significant capital investments over the past five years, Cello-Pack is one of the fastest growing companies in the industry and has full service capabilities including design, engineering, pre-press, printing, laminating and pouch converting," according to a letter Trinity sent to its customers and sales agent, obtained by Business First.
Trinity was founded in 1917 and besides its Armonk headquarters also has plants in Lewistown, Pa., Pueblo, Colo., Rocky Mount, Va. and Shanghai, China.