TrakTec LLC Selected in Final Store Trials of Major Pharmacy
For Immediate Release:
October 2012 – WINDHAM, MAINE USA
TrakTec LLC (TrakTec), an Anania & Associates Investment Company LLC (AAI) portfolio company and specialty converting/label manufacturer received word it was selected, subject to final store trials, by an 8,000 store pharmacy chain, listed as number 18 in the Fortune 500, for a multi-year contract worth over $10,000,000 per year, to supply shelf tags. This multi-year contract will be part of a new partnership with Ariva Distribution, Inc., a national distribution house owned by the Canadian paper company, Domtar Corporation.
Ariva® is North America’s communication solutions innovator delivering best-in-class fiber-based products, leading-edge digital technologies, packaging, and supply chain efficiency. TrakTec is a converting house providing premium pressure sensitive labels for wholesale, retail and consumer based applications. AAI recently invested over $2,500,000, with the support of the Finance Authority of Maine, to purchase a state-of-the-art laminating, coating and printing press to provide TrakTec with new converting capabilities, including “green” solutions for customers nationwide.
“We are very excited to be chosen to provide an innovative ‘green’ solution to such a recognized leader in the industry. In addition to providing an advanced technology solution, TrakTec will also save the company significant money” commented Peter V. Anania, Chairman of AAI.
“TrakTec’s capabilities combined with the Ariva distribution infrastructure, will create a hard to beat competitive advantage.”
“The Traktec team worked hard for over a year to bring this opportunity to fruition and provide the perfect solution for this customer”, Anania further declared.
“Currently, Traktec has a number of similar potential opportunities with other significant companies, which we believe will result in similar long term, high value contracts.”
AAI takes a long view of each investment providing patient capital and corporate infrastructure to support strong growth of the overall portfolio of Maine manufacturers like Traktec.