FOR IMMEDIATE RELEASE

Contact: 

Charles K. Oppenheimer

Amvest Financial Group, Inc.

816-461-3312

coppenheimer@amvest.com

KANSAS CITY, MO – Amvest Financial Group, Inc., (“Amvest”) a national investment banking firm specializing in mergers, acquisitions and corporate finance, has announced completion of the sale of its client, Panef Corporation, Milwaukee, Wisconsin to Acrotech Industries, Inc. Crystal Lake, IL.

Panef Corporation was established in 1945 and is recognized as the premier contract packager of lubricants, powders and specialty products for companies that need small, medium and large runs. Panef’s customers are both large corporations as well as smaller companies. Panef stocks over one million tubes of various sizes as well as bottles, pouches, jars etc. which can be decorated in-house.

Acrotech Industries, Inc. distributes other manufacturer’s products such as Superior Graphite Company’s Slip Plate product line.  Acrotech also distributes their own products such as Lubriko lubricants which it purchased from Master Lubricants. With the addition of Panef’s products and capabilities it will greatly enhance Acrotech’s services and product lines.

Panef’s major shareholder was seeking to divest the corporation to retire. The owners of Acrotech were seeking to expand and Panef was a perfect match with their product line.

Amvest, founded in 1976, is a leading investment banking firm specializing in mergers, acquisitions, divestitures and corporate finance matters. Amvest's value is enhanced by professionals who have acquired, operated, and sold their own companies, providing real world, hands-on experience. 

For additional information, contact Charles K. Oppenheimer toll-free at 888-451-9698 or visit our website at www.amvest.com. ###