Century-Tech, Inc., a leading manufacturer of flexible packaging machinery, has been acquired by The Oakdale Company, a private investment firm known for its long-term commitment to business growth and operational excellence. With this acquisition, The Oakdale Company is making a significant investment into Century-Tech’s future, positioning the company for rapid expansion through both organic growth and strategic acquisitions.
Investment and Expansion Plans
Under The Oakdale Company’s stewardship, Century-Tech will accelerate product development, scale operations, and expand its market reach. The company plans to grow aggressively both organically through innovation and inorganically through the acquisition of complementary packaging machinery companies. Over the coming months and years, Century-Tech will actively seek add-ons and tuck-in acquisitions to enhance its capabilities and broaden its product offerings for packaging clients across North America, Central America, the Caribbean, Asia, and Africa.
Strengthened Capabilities and Market Leadership
Century-Tech has built a reputation for engineering excellence in plastic and biodegradable bag manufacturing machinery. With The Oakdale Company’s backing, the company will:
● Expand R&D and Product Innovation: Investing in next-generation packaging solutions, including biodegradable and sustainable packaging technologies.
● Enhance Customer Support and Service: Strengthening field service teams, improving spare parts availability, and offering more proactive maintenance programs.
● Scale Operations and Workforce: Hiring top talent across critical operational areas to support growing customer demands.
● Pursue Strategic Acquisitions: Identifying and integrating complementary businesses to offer a broader suite of solutions to packaging clients worldwide.
Industry Impact and Global Growth Strategy
This acquisition signals a major push to solidify Century-Tech’s position as an industry leader. By combining operational enhancements with strategic acquisitions, the company aims to provide a comprehensive suite of packaging machinery solutions that help manufacturers improve efficiency, reduce waste, and meet evolving regulatory and consumer demands.
“The Oakdale Company is committed to Century-Tech’s long-term success and growing the company to become a significant partner to the industry’s converting leaders,” said Clinton Townsend, CEO of The Oakdale Company. “We see immense opportunity to expand Century-Tech’s market presence and product portfolio, and we are actively seeking additional acquisitions to complement and strengthen its offering. Our focus is on sustainable, strategic growth that benefits customers, employees, and the broader industry.”
Continued Leadership and Stability
Century-Tech’s leadership team, including Peter Terranova (President), Louis Mastrangelo (Vice President), Geovanny Quintero (Head of Parts), and Rick Gallandt (Head of North American Sales), will remain in place, ensuring continuity and a seamless transition. Customers and partners can expect uninterrupted service, with all existing agreements and support structures remaining intact.