Global manufacturer and developer Tekni-Plex has completed the acquisition of three manufacturing facilities from Amcor’s flexible packaging business unit.
The manufacturing facilities are located in Madison and Milwaukee, Wisconsin and Ashland, Massachusetts, and together these facilities will provide a broad portfolio of sterilisable medical device packaging substrates. These substrates will include coated and uncoated Tyvek, heat-seal and cold-seal coated paper and films, medical grade laminates and die-cut lids and labels.
Paul Young, president and chief executive officer at Tekni-Plex stated: “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.
“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.”
David Golde, managing director, Genstar Capital commented: “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.”
This purchase of Amcor’s manufacturing facilities is Tekni-Plex’s eleventh acquisition within the last five years.