Tangent Technologies Acquires Bedford Technology
For Immediate Release: March 2020
We are pleased to announce Bedford Technology has been acquired by Tangent Technologies. This acquisition combines two industry leaders with robust product lines to create the best alternative material innovation team in the world.
Bedford Technology
Bedford Technology’s number one focus has been customers and that focus will continue with Tangent Technologies. Given our shared commitment to delivering world-class customer service and high-quality products, Bedford and Tangent make an ideal team. As partners, we will continue to strengthen our commitment and deliver exceptional value to our customers. Together, we will be able to expand our manufacturing capabilities to service our customers’ needs, continue to develop industry-leading product offerings and further develop our commitment to the environment by increasing our recycling capacity.
We are grateful to our staff, customers and partners for their continued dedication and support. This is an exciting time for us and we can’t wait to see what the future holds!
Tangent Technologies
Headquartered in Aurora, Illinois, Tangent is a leading manufacturer of high-density polyethylene (“HDPE”) lumber used for outdoor furniture, site amenities, structural applications, and marine decking. Bedford Technology is a leading 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.
“We are excited to partner with Bedford and expand the combined plastic lumber product lines and solutions,” said Guy DeFeo, CEO of Tangent. “With the addition of Bedford, we will build a broader facility footprint across North America as well as build one of the best alternative material innovation organizations for our customers.”
“We are looking forward to increasing sustainable manufacturing capabilities and expanding our innovation capabilities through this partnership with Tangent,” said Jeff Breitzman, CEO and President of Bedford Technology. “The talent and skills that both organizations are bringing to the table will enhance how the combined company serves its customers and will fuel many new growth opportunities,” said Brian Larsen, Founder of Bedford Technology and former CEO.
Learn more here: Tangent Technologies Completes The Acquisition of Bedford Technology