PR Newswire04.29.19
Tekni-Plex has signed a definitive purchase agreement to acquire three manufacturing facilities from Amcor's Flexible Packaging business unit.
The facilities—located in Madison and Milwaukee, Wisc., and Ashland, Mass.— 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.
"The acquisition expands our complex packaging solution portfolio for medical device manufacturers, many of whom are our customers today. Tekni-Plex's medical products businesses—Colorite, Natvar, and Dunn—have been supplying these same customers globally for decades, and we will continue to deliver on their quality and service expectations," said Paul Young, president and CEO of Tekni-Plex. "The acquisition of these three plants also brings us 150 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."
The Amcor manufacturing facilities purchase 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 closing of the acquisition is conditioned upon approval by the U.S. Department of Justice and the closing of the merger between Amcor Limited and Bemis Company Inc.
Tekni-Plex is a globally-integrated company developing and manufacturing products for a wide variety of end markets, including medical, pharmaceutical, food, beverage, personal care, household and industrial. Tekni-Plex is headquartered in Wayne, Pa., and operates manufacturing sites across eight countries worldwide to meet the needs of its global customers.
The facilities—located in Madison and Milwaukee, Wisc., and Ashland, Mass.— 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.
"The acquisition expands our complex packaging solution portfolio for medical device manufacturers, many of whom are our customers today. Tekni-Plex's medical products businesses—Colorite, Natvar, and Dunn—have been supplying these same customers globally for decades, and we will continue to deliver on their quality and service expectations," said Paul Young, president and CEO of Tekni-Plex. "The acquisition of these three plants also brings us 150 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."
The Amcor manufacturing facilities purchase 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 closing of the acquisition is conditioned upon approval by the U.S. Department of Justice and the closing of the merger between Amcor Limited and Bemis Company Inc.
Tekni-Plex is a globally-integrated company developing and manufacturing products for a wide variety of end markets, including medical, pharmaceutical, food, beverage, personal care, household and industrial. Tekni-Plex is headquartered in Wayne, Pa., and operates manufacturing sites across eight countries worldwide to meet the needs of its global customers.