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Tekni-Plex Completes Acquisition Of Amcor Flexible Packaging
Units Serving Medical Device OEMs
Tekni-Plex (Wayne, PA) announced today that it has completed the acquisition of
three manufacturing facilities from Amcor Flexible Packaging that serve medical
device OEMs.
Located in Madison and Milwaukee, WI, and Ashland, MA, the facilities provide a
broad portfolio of sterilizable medical device packaging substrates, including
coated and uncoated Tyvek, heat-seal and cold-seal coated paper and films,
medical-grade laminates, and die-cut lids and labels, said Tekni-Plex.
“The acquisition expands our complex packaging solution portfolio for medical
device manufacturers, many of whom have been supplied by our Colorite, Natvar
and Dunn medical products businesses for decades,” said Paul Young, President
and CEO of Tekni-Plex. “The acquisition of these three plants also brings us 150
highly qualified and experienced employees who form the backbone of the
business. We are happy to welcome them to the Tekni team of 3,000 strong across
the world.”
This is the eleventh acquisition Tekni-Plex has made in the past five years,
supporting its strategy to grow its business though transformative acquisitions
and strategic add-ons, the company said.
“Genstar is excited to be sponsoring Tekni-Plex’s acquisition of the Amcor
plants, as we continue to focus efforts on expanding our healthcare-related
packaging capabilities,” added David Golde, Managing Director, Genstar Capital.
https://www.plasticstoday.com/medical/tekni-plex-completesacquisition-amcor-flexible-packaging-units-serving-medicaldevice-oems/141439573360995 |
