TPC Partners, LLC, an affiliate of Archbrook Capital Management, LLC in Reading, Pa., has acquired a majority interest in Tray-Pak Corp., one of the leading manufacturers of custom, thermoformed plastic packaging products for the confectionery, bakery, food and other industries. The company serves a national customer base and employs 275 people.
The acquisition marks the first major ownership transition of the company since David M. Bestwick founded Tray-Pak in 1975.
In addition, Tray-Pak has announced that Scott Myers has joined the company as chief executive officer. Myers comes to Tray-Pak from WinCup, Inc., a leading manufacturer of disposable cups, bowls, containers and lids, where he was executive vice president.
For more information about Tray-Pak, visitwww.traypak.com.
TPC Acquires Tray-Pak, Names Scott Myers CEO
October 28, 2009