Oliver Valves India Private Limited moved into a new purpose-built 45,000 sq ft manufacturing facility in New Vellanur, Chennai, becoming fully operational on 2 January 2026. The site makes components up to three tonnes and adds in-house painting, non-destructive testing and an oxygen clean room.
Private equity firm Pfingsten has sold packaging company Oliver Inc to Tenex Capital. The article does not disclose the deal value or location.
Oliver Inc, backed by Pfingsten, has acquired Professional Image, a maker of custom folding carton packaging and an ecommerce provider of specialty stock packaging and accessories.
Oliver Inc., a Pfingsten portfolio company, acquired Boutwell, Owens & Co., a folding carton and blister card packaging manufacturer serving several markets. The transaction closed on March 31, 2021 and was announced April 6, 2021. Boutwell continues operating from Fitchburg, Massachusetts.