Temperpack Closes Acquisition Of Ktm Industries, Inc.

Sep 06, 2022•almost 3 years ago

Acquiring Company

Temper Pack

Acquired Company

KTM Industries

RichmondFood And BeverageManufacturing

Description

TemperPack® Technologies, Inc, a manufacturer of sustainable materials for cold chain packaging, announced that it has closed the acquisition of KTM Industries, Inc.

Company Information

Company

Temper Pack

Location

Richmond, Kentucky, United States

About

TemperPack was created to help the world waste less. Based out of Richmond, TemperPack is a materials engineering and manufacturing company looking to disrupt the cold-chain shipping industry. We protect what's perishable, whether that's a shipment of food or life saving medicine, all using materials that help protect our most perishable resource, the Earth. We build revolutionary insulation products that allow large organizations to manage their global supply chains with zero environmental impact. We aim at bringing to market sustainable packaging solutions that consumers and companies feel great about using. Interested in working for TemperPack? Send an email to hr@temperpack.com

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

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