Adchem Corp. of Riverhead has been purchased by the Fortune 500 firm Berry Global headquartered in Evansville, Indiana.
Adchem is a family-owned manufacturing and engineering company that produces high-performance adhesive tapes at its 54-acre campus located on Route 58.
The company was founded in 1965 Joseph A. Pufahl and today employs 115 engineers, scientists, executives and production, research and development professionals, according to the company website.
Berry Global was founded in 1967 under the name Imperial Plastics, and now has more than 23,000 employees, according to its website. It was renamed Berry Plastics in 1983 and began trading on the N.Y. Stock Exchange in 2012. It changed its name to Berry Global this year.
Berry announced last month that it had joined the Fortune 500, ranked at number 413, with $6.5 billion in revenues in fiscal 2016.
The merger was announced by Berry Global in a letter to its customers issued yesterday, according to L.I. Business News, which first reported the deal.
Berry described Adchem as “a leader in the development of high-performance adhesive tape systems for the automotive, construction, electronics, graphic arts, medical and general tape markets.”
The Riverhead company will be combined with Berry’s Engineered Materials Division, Berry Global said in the letter.
The terms of the transaction were not immediately disclosed.