Integrated Packaging Solutions (IPS), based in Golden, Colorado, has announced the acquisition of Altek Company Tech Products, a well-regarded supplier of testing equipment for can and lid manufacturing.

The acquisition includes the Altek brand, product designs, current orders and service agreements, as well as inventory assets, and is being carried out as an asset purchase.

Through this acquisition, IPS strengthens its position as a comprehensive supplier of support systems and tools for the packaging and food industries. The offering is broadened with complementary service and maintenance solutions aimed at optimizing equipment uptime and performance. IPS intends to preserve and build on Altek’s legacy by further developing the product portfolio and deepening collaboration with existing customers. The integration of Altek’s operations with IPS’s unit in Golden, Colorado, will deliver efficiency gains through digitalisation and process coordination.

“We are excited to welcome Altek into the IPS family.  Their reputation for quality aligns perfectly with our mission of empowering can makers through innovation, efficiency, and support. This acquisition allows us to broaden our offerings and create even more value for our customers,” said Michael W. Calahan, President and CEO of Integrated Packaging Solutions.

“We are incredibly grateful for our customers’ business and their loyalty over the years. We are confident that this acquisition will lead to increased value and opportunities for our customers and look forward to our continued partnership.”