Lyle Industries acquired by Thermoforming Technology Group

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Thermoforming Technology Group announced last week (July 17th) that it has acquired Lyle Industries, one of the US's leading thermoforming machinery manufacturers.

Based in Beaverton, Michigan, Lyle Industries has been producing high-performance thermoforming equipment, trim presses and bottle trimmers since 1965 and serves customers all around the world with new equipment, parts, services and technology for a broad range of industries, including food packaging, horticulture, medical, automotive and retail.

Mike Stein, Chairman of Thermoforming Technology Group, heralded the acquisition as bringing a "great thermoforming brand into our group" that would enable Lyle to compete more effectively in the international arena. Indeed, the deal will give Lyle the ability to develop major technological advancements that will greatly benefit both existing and prospective customers, enabling it to meet the growing demands of the marketplace and enhance its product offerings and service capabilities.

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