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Cornell Capital to Acquire Packaging Provider Advantek from Tinicum
Monday 27 June 2022

New York and Hong Kong-based private equity firm Cornell Capital LLC has agreed to acquire Minnesota-based protective packaging products provider Advantek, LLC from Tinicum, L.P. and affiliated funds managed by Tinicum Inc, the company said.

Terms of the transaction were not disclosed. Tinicum Inc will retain a minority stake in the company.

Cornell Capital will leverage its global investment and operating experience to work with the Advantek management team, to accelerate growth initiatives, including continued innovation, geographic and capacity expansion and M and A.

Advantek manufactures precision component packaging and delivery systems designed to transport and protect high-value semiconductor and electronic components during shipping and storage.
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Date Published: 27/06/2022

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