Principle Business Enterprises, Inc. acquires Absorbent Products Company, Inc.

Tuesday, April 4, 2017 Corporate News
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DUNBRIDGE, Ohio, April 4, 2017 /PRNewswire/ -- Principle Business Enterprises (PBE), Inc., a technology leader in moisture

management products, announces the acquisition of the business assets and operations of Absorbent Products Company, Inc. of Bowling Green, Ohio.  "The acquisition of APCI is consistent with our mission, by allowing us
to enter new markets and expand our ability to provide the highest quality products and services to our customers and business partners," says Chuck Stocking, Co-CEO of PBE. "APCI employs a technical workforce with skills that complement the current PBE team.  They also have valuable production machinery that is needed to fuel PBE's current growth in the incontinence and personal care marketplace."  Stocking adds "This acquisition is also great for Northwest Ohio because it keeps at least 35 jobs in the area that might otherwise be moved out of the state or possibly out of the country."

PBE is widely recognized as the leading manufacturer of high-performing adult incontinence products under the brand name Tranquility. The company also serves Medicaid Managed Care organizations with its best-in-class Select brand of incontinence products. The high quality of these products has been shown to drive waste and cost out of healthcare, improve clinical outcomes, and uplift the quality of life for users and caregivers dealing with incontinence. Building on 30 years of success in the healthcare sector, PBE has recently expanded its moisture management technology to wound care.  The company's absorbent and wound cleansing products marketed under the brand name NovaGran have demonstrated the highest effectiveness in accelerating healing of the most difficult-to-heal wounds.

PBE is headquartered in Dunbridge, Ohio where it manufactures its moisture management products.  "Our mission is to uplift, enlighten, and enrich the lives of those we serve, including our associates, customers, business partners, and the surrounding community," says Chuck Stocking.

APCI, founded by Paul and Amy Rankin, is a highly-respected producer of private label absorbent products as well as incontinence products marketed under the brand name Compaire™. APCI's absorbent pads, lab tray liners, and specialty dressings have proven effective in the trapping and disposal of undesirable fluids.  Chuck Stocking says "Paul Rankin has built a respected company with an excellent team that we are honored to preserve as an ongoing business operation."

Contact:  Andrew Stocking Daytime phone: (800) 467-3224 ex. 222Email:  PBE.PR@pbenet.com Release Date: April 4, 2017

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/principle-business-enterprises-inc-acquires-absorbent-products-company-inc-300433916.html

SOURCE Principle Business Enterprises, Inc.



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