Manufacturer acquires injection moulding supplier
Technimark, a global manufacturer of custom rigid plastic packaging and components, has acquired Tool & Plastic Industries, an injection moulding product supplier.
The company’s headquarters are in Longford, Ireland, with an additional facility in Ostrava, Czech Republic.
Tool & Plastic has been operating for 52 years and led by owners Colm Cuffe and Declan O’Rourke. The organisation specialises in offering competitive and innovative contract GMP cleanroom moulding and assembly solutions. The company operates from a number of ISO class 8 cleanroom environments in its facility in Ireland and from an IATF 16949 compliant facility in the Czech Republic. Tool & Plastic has continually invested in technology to ensure high-quality manufacturing services and a positive reputation.
The partnership hopes to enhance Technimark’s healthcare manufacturing expertise, as well as its global footprint. Together the companies will have 13 facilities and over 4,400 employees across the world.
Cuffe commented: “We are excited to partner with Technimark.
“Tool & Plastic and Technimark share a common culture for technical excellence, safety, innovation and customer partnership, and we look forward to building lasting value together.”
O’Rourke added: “The acquisition by Technimark represents a strategic fit for the business in Ireland and the Czech Republic, and we look forward to developing and growing the business on the solid foundation already in place.”
Brad Wellington, CEO of Technimark, said: “Tool & Plastic’s leadership in its core healthcare markets, combined with Technimark’s manufacturing expertise, healthcare customer relationships, and scale create a market leader with significant opportunities for future growth.
“Tool & Plastic will help us deliver even more value to our customers, and we are excited to welcome them to the Technimark family.”
“By enhancing our ability to serve customers across Western and Eastern Europe, these acquisitions bolster our long-term growth strategy in the global healthcare market. Technimark is well-positioned to help our clients apply advanced and innovative technology-based solutions from design and engineering through production, including assembly and packaging of the final product", Wellington concluded.