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Woodbridge International Closes Sale of CTI/CTE to DFC Manufacturing Group, LLC

November 9, 2022

Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, CTI/CTE, by DFC Manufacturing Group, LLC.

Converting Technology, Inc. was founded in 1993, and sought to establish themselves as the best tooling supplier in the industry. Converting Technology Engraving, Inc. located in Elk Grove Village, Illinois manufactures embossing dies, providing a complete line of the highest quality tooling. Their customers include folding carton manufacturers, food packaging companies, commercial printers, consumer packaged goods companies, and many others.

“I am proud to partner with the DFC Manufacturing Group,” said John Norgard, President, and Co-Founder of CTI/CTE. “DFC Manufacturing Group owns several die companies and specialty converters so they understand our business and share our vision.”

DFC Manufacturing Group is a leading die maker and post print finishing company with locations across the United States, including Phoenix, AZ, Salt Lake City, UT, St. Paul, MN, and North Attleboro, MA. DFC manufactures customized steel rule dies, thermo-forming dies, and provides custom cutting and converting services. Their customers include corrugated and packaging companies, commercial printers, advertising agencies, food packaging companies, medical device companies, and direct mail houses. DFC Manufacturing Group is an affiliate of Confluent Holdings, LLC.

Woodbridge International’s ground-breaking approach to marketing a company globally has transformed the way the sell-side M&A industry does business.