IPS acquires Altek

Integrated Packaging Solutions (IPS), based in Golden, Colorado, has announced its acquisition of Altek Company Tech Products, a well-regarded supplier of testing equipment for can and lid manufacturing. The acquisition includes the Altek brand, product designs, current orders and service agreements, as well as inventory assets, and is being carried out as an asset purchase.

Through this acquisition, IPS strengthens its position as a comprehensive supplier of support systems and tools for the packaging and food industries. The offering is broadened with complementary service and maintenance solutions aimed at optimising equipment uptime and performance. IPS has said it intends to preserve and build on Altek’s legacy by further developing the product portfolio and deepening collaboration with existing customers. The integration of Altek’s operations with IPS’s unit in Golden, Colorado, will deliver efficiency gains through digitalisation and process coordination.

“We are excited to welcome Altek into the IPS family. Their reputation for quality aligns perfectly with our mission of empowering can makers through innovation, efficiency, and support. This acquisition allows us to broaden our offerings and create even more value for our customers,” said Michael W Calahan, president and CEO of Integrated Packaging Solutions.