Founded as the Victor Tape Company in Prague, Czech Republic. The initial product was a cotton tape used as a hat band in mens and fashionable ladie's hats.
Immigrated to the United States and settled in Chicago, Illinois. The company was renamed to "Chicago Printed String Company" and continued to produce industrial tape products. Pioneered the gift wrapping industry as a producer of ribbons, bows and gift wrapping paper.
Relocated to Franklin, Tennessee and the name was changed to "CPS Industries". The industrial products group was named the Industrial Division of CPS Industries.
CPS Industries was acquired by Papercraft Corporation, a Fortune 500 Company.
CPS Industries was acquired by Arcata Corporation from Papercraft Corporation.
CPS Industries was privatized by the management team of Arcata Corporation.
CPS Industries was acquired by Fox Valley Corporation and once again became part of a publically traded corporation.
1989 - Present
The Industrial Division of CPS Industries was acquired by it's managing director from Fox Valley Corporation. The name was changed to Fibertek Inc. and incorporated as a Tennessee Corporation. A new manufacturing facility was constructed. Total and complete focus of Fibertek Inc. is directed toward industrial markets and products for those markets.