ThermoServ has completed the acquisition of all assets of Capitol Cups, Inc., a designer and manufacturer of insulated travel cups.
The acquisition further expands the company’s production capabilities in the casual drinkware area and opens room for growth in its core channels, the company said.
Capitol Cups, a division of the privately-owned, Alabama-based CSP Technologies, has been serving the retail, food, restaurant and convenience store industries since 2003, providing insulated tumblers.
Like ThermoServ, Capitol Cups is a domestic manufacturer, operating its full injection molding and decorating operations out of existing headquarters in Auburn, Alabama. Capitol Cups offers a small but diverse line of decorated, eco-friendly tumblers.
“We are pleased to bring together resources and technologies of both the ThermoServ and Capitol Cups brands with this acquisition. We are making great gains in the convenience, retail and food service industries, and we look forward to growing our ability to serve each of them with domestically produced, high quality drinkware,” said Tom Neth, ThermoServ’s president. “We believe this transaction will strengthen our relationships with existing customers and support our commitment to be a leading manufacturer of high quality, American-made drinkware products.”
ThermoServ will be moving production of Capitol Cups to its Dallas facilities.