Tyden Group Is Sold
GRAND RAPIDS — Grand Rapids-based Tyden Group — with operations in Hastings; Angola, Ind.; and Circleville, Ohio — has been acquired by Crimson Investments, an international private equity firm.
Tyden Group sales have been increasing as homeland security measures have created a growing demand for its cargo security products.
Tyden Group comprises three companies that develop, manufacture and market security products. The companies are Tyden Seal in Hastings, which manufacturers the company’s original Tyden Ball Seal, still the world’s best-selling tamper-indicative cargo seal; TydenBrammal in Angola, which manufactures a broad range of cable and bolt security locks and seals for the transportation industry; and Circleville-based Telesis Technologies, a leading supplier of industrial product identification and track-ability equipment.
Formerly majority owned by the Groos family, descendants of the company founder, Tyden Group’s existing management and structure will remain intact as the two companies seek global growth opportunities. Both Tyden Group and Crimson Investments have established business in Asia and are experienced in international markets.
Established in 1993, Crimson Investments provides buyouts and growth capital financing for globalization-minded companies.
“This purchase is highly beneficial for all parties involved, from Crimson and Tyden Group to the former shareholders and current management and employees,” said Bill Alt, Tyden Group president and CEO. “Crimson will retain Tyden Group’s U.S. day-to-day operations while leveraging its global presence and capabilities to continue to expand the company in international markets.”