Tekweld Acquires Premier 1 Products
Vol. 903
March 20, 2012

Farmingdale, NY-based Tekweld (asi/90807) has acquired supplier Premier 1 Products (asi/76820), the companies have announced. Financial terms of the agreement were not disclosed. "We're continuing to grow and add more exciting products," says Taylor Tadmor, president of Tekweld. "Premier 1 has been a very custom line with a lot of focus on the pharmaceutical industry and insurance agencies. We want to revive the Premier 1 line with all our capabilities here."

Per the deal, Randy Seltzer, the owner of Premier 1 and former president of Premium Shapes (asi/79387), has joined Tekweld as vice president of marketing. Seltzer is helping to launch a new plastics division at Tekweld, featuring Premier 1 designs of luggage tags, magnets, growth charts, coasters and several other products. "Taylor and I had been talking for months about teaming up and we're really going to put our energy together," Seltzer says.

Known for its health and beauty products, Tekweld increased its sales by 23% in 2011, investing heavily in new equipment and processes, according to Tadmor. "We're on pace to get above 20% growth again in sales in 2012," he says.