Strategic Acquisition Adds to Vollrath’s Ever-Expanding Product Portfolio
Vollrath President and Chief Executive Officer, Paul Bartelt, announced the acquisition of Traex Company from Libbey Glass, Inc., a subsidiary of Libbey Inc. (NYSE:LBY) located in Toledo, Ohio. By acquiring Traex, a market leader in the production of warewashing systems and plastic kitchen products, Vollrath will expand the depth and breadth of its foodservice supplies.
While Vollrath is known throughout the industry as a leader in metal stamping and fabrication, the acquisition of Traex adds plastic molding and manufacturing to Vollrath’s capabilities. Vollrath’s product offering will increase with additional warewashing systems, tabletop accessories, bar supplies, food preparation products, dispensers and trays. The addition of these new products will complement Vollrath’s extensive equipment and smallwares offering, while further enabling the company to serve as a one-source solution to help foodservice professionals run a more flexible, efficient and profitable business.
“With the acquisition of Traex, Vollrath now has a state-of-the-art, well-equipped injection mold plastic manufacturing facility, managed by a very knowledgeable and skilled workforce. This allows Vollrath to develop and supply plastic preparation, cooking and serving products, while reinforcing our commitment to being the go-to solution for the foodservice industry,” said Bartelt.
For more than 136 years, The Vollrath Company, L.L.C., has been setting the standard as a manufacturer of quality equipment and smallwares supplying the foodservice industry. Vollrath offers the largest selection and best value for prep, cook, and serve foodservice solutions. For more information about Vollrath visit www.vollrathco.com or search “Vollrath” to find us on Facebook or Twitter.
Posted Lauren 04/30/11