Tekni-Plex recently purchased three manufacturing facilities from Amcor’s Flexible Packaging business unit.
Headquartered in Wayne, Tekni-Plex develops and manufactures products for multiple industries including food and beverage, household, personal care, medical and pharmaceutical, and industrial. The company has manufacturing sites in eight countries.
“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,” Paul Young, Tekni-Plex president and CEO, said. “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.”
The new facilities are located in Ashland, Mass., and in Madison and Milwaukee, Wisc. They manufacture medical-device packaging that can be sterilized.
This is Tekni-Plex 11th acquisition in five years. The purchases support the company’s strategy to grow through acquisitions and strategic add-ons.
Tekni-Plex is backed by private-equity firm Genstar Capital. Genstar works to transform its portfolio companies into industry-leading businesses. The firm has approximately $17 billion in assets in a variety of end markets, including healthcare, software, industrial technology, and the financial services industries.