Hong Kong-headquartered Tri-Wall Ltd has confirmed that its fully owned North American subsidiary, TW America Inc, has entered into an asset purchase agreement to acquire 100% of the business assets of Action Wood Technologies, Inc., a Michigan-based packaging provider with expertise in bespoke wood packaging solutions.
To facilitate the asset purchase, TW America Inc. established a fully owned subsidiary, Action Wood Solutions LLC, which will take the Action Wood business forward. Closing of this transaction is expected at the end of September 2022.
