Tekweld Acquires Premier 1 Products
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