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Tangent Technologies Closes Acquisition of Bedford Technology
Wednesday 25 March 2020

25 March 2020 - Houston, US-based middle market private equity firm The Sterling Group's portfolio company, plastic lumber manufacturer Tangent Technologies, has completed the acquisition of US-based plastic lumber extruder Bedford Technology, the firm said.

Headquartered in Aurora, Illinois, Tangent is a manufacturer of high-density polyethylene lumber used for outdoor furniture, site amenities, structural applications, and marine decking. 

Bedford is a plastic lumber extruder in North America with excellence in structural and semi-structural product lines, primarily used in marine infrastructure projects, boardwalks, fencing, as well as a broad range of industrial applications.

In recent years, HDPE lumber has become a leading substitute for traditional building materials in outdoor furniture and other applications given its durability and aesthetics.

Tangent and Bedford both use post-consumer recycled milk bottles as a primary raw material along with many other post-industrial recycled waste streams. Combining Tangent and Bedford creates a leading alternative materials innovation team and expands both business' plastic lumber product lines.

Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution and industrial services companies.

Currently, Sterling has over USD 2bn of assets under management.
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Date Published: 25/03/2020

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