American Spraytech acquires NJ aerosol facility five miles from headquarters
Credit: American Spraytech
American Spraytech has acquired an aerosol facility, previously occupied by Falcon Safety Products, in Branchburg, New Jersey in the US, five miles from its headquarters on Meister Avenue.
The assets of Falcon Safety Products were recently acquired by Lighthouse for the Blind, which said it plans to establish two new facilities in Berkeley, Missouri, with the aim of expanding employment opportunities for individuals who are legally blind.
American Spraytech said the acquired building will support its rapidly growing operations, with the potential to add an additional 60+ million units of filling capacity.
"It’s an important step as part of our larger plan to grow both our developmental and manufacturing capacity and capabilities in 2024 and beyond, so we can be the best possible partner to our existing customers, while paving the way to welcome new customers who would like to collaborate with us," said American Spraytech.
Proceeds from the financing will be utilised to refinance the company's existing credit facilities and fund additional working capital to finance its continued growth and capital expenditures
We use cookies to enhance your browsing experience and enable essential functions on our website. Some cookies are categorised as "Necessary" are automatically stored on your browser as they are crucial for the basic operation of the site - they can no be adjusted using these tools. Additionally, we use third-party cookies to help us analyse your usage of the website. These cookies are stored in your browser only with your prior consent. You have the option to enable or disable some or all of these cookies.
Statistical or analytical cookies are used to gain insights into how visitors interact with the website. These cookies collect data on metrics like visitor count, bounce rate, traffic sources, and more, helping us understand and improve site performance.
Advertisement cookies deliver personalised ads based on the pages you previously visited and help analyse the effectiveness of ad campaigns.