Cornell Capital, a private equity firm, has acquired Advantek, a provider of protective packaging products.

Advantek manufactures packaging systems designed to transport and protect semiconductor components.

“As strong secular market trends in component miniaturization and electrification continue to drive increased high-precision carrier tape and component demand, Advantek is well-positioned to capitalize on attractive opportunities for continued growth globally,” said Allen Chu, partner at Cornell Capital. “We look forward to leveraging our deep cross-border expertise to accelerate Advantek’s growth in key international markets.”