Tekni-Plex acquires Dunn Industries

^{Packaging materials manufacturer Tekni-Plex has acquired medical tubing producer, Dunn Industries, the company has announced.}

Dunn Industries offers a wide range of thermoplastic materials and provides both standard and custom-engineered tubing solutions. Tekni-Plex will use Dunn’s product line to complement its microextrusion tubing solutions manufactured by its Natvar business.

Going forward, it will be known as Dunn Industries, a Tekni-Plex business, with Dunn’s former president Duane Dunn as its general manager.

“Because of Tekni-Plex’s existing global manufacturing footprint, including its new production capability in China, Dunn’s technology will now reach new geographic regions. This will help medical device companies find faster solutions and bring their products to market via reduced timelines,” Dunn said, “On behalf of the Dunn employees, we look forward to growing our customer base via Tekni-Plex’s global reach.”

Paul Young, president and chief executive officer, Tekni-Plex, said: “Tekni-Plex already has a significant stake in the medical device market via its Colorite medical compounds and Natvar medical tubing business. We are now looking to grow the number of solutions we provide by expanding our product offering and manufacturing capabilities. With speed-to-market a critical concern in this market sector, as well as the desire for additional support from suppliers, this acquisition will help make Tekni-Plex an even stronger partner to medical device companies around the world.”

The purchase of Dunn Industries is the seventh acquisition Tekni-Plex has made in the past four years, as a way to grow its business through both organic and acquisition paths.