Ohio Pen - Airlite Plastics Co. - Acquires KODIAKOOLER®

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MOORESVILLE, N.C. & OMAHA, Neb. - OhioPen -- Airlite Plastics Co. acquired KODIAKOOLER® on August 3, 2019, expanding its industry presence and product line offering of reliable, sustainable and innovative packaging for temperature-sensitive products.

KODIAKOOLER, a privately held company headquartered in Mooresville, North Carolina, is an insulated packaging company that has been serving and leading the industry since 2005. KODIAKOTTON® is a brand of KODIAKOOLER sustainable products that are reusable, recyclable and biodegradable.

KODIAKOOLER will continue to be headquartered in Mooresville, North Carolina and sell under its KODIAKOOLER name. For more information, please visit: www.kodiakooler.com

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"We are delighted to welcome KODIAKOOLER to our family of performance based, innovative products," said Brad Crosby, President and CEO of Airlite Plastics. "This strategic acquisition allows Airlite to expand its growth in temperature-sensitive products. Bob Menzel and his staff have created a world class business, and together with Airlite, we can offer customers a variety of innovative and sustainable temperature-sensitive products."

"Our companies share a business culture and passion for developing quality temperature-sensitive products that are both functional and environmentally friendly," said Bob Menzel, founder of KODIAKOOLER. "We are proud to join forces with Airlite Plastics Co."

The companies finalized the acquisition on August 3, 2019, and the terms of the agreement remain private.

MBS Advisors of Florence, MA advised Airlite Plastics Co. in connection with the transaction.

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About Airlite Plastics Co.

Airlite Plastics Co. is a privately held, family-owned company, headquartered in Omaha, Nebraska for more than 73 years. Its product lines include containers and lids for food packaging, drink cups and lids, as well as polystyrene coolers, insulated concrete forms (ICF) building blocks, a permeable paving system and other custom plastic products. For more information, please visit www.airliteplastics.com.

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About KODIAKOOLER®

KODIAKOOLER® is an insulated packaging company that has been providing temperature-sensitive solutions to large and small customers since 2005. Through innovations such as KODIAKOTTON® sustainable natural fiber products and time-saving KWIKPACK® technology, KODIAKOOLER stands as the industry leader in temperature-sensitive packaging. For more information, visit https://kodiakooler.com/.