Tekni-Plex is a global company focused on developing highly engineered products, including medical tubing and compounds, pharma barrier films, dispensing components, closure liners and specialty food packaging. Tekni-Plex serves some of the most well-known names in the medical & pharmaceutical, food & beverage, household & industrial, and personal care end markets. Headquartered in Wayne, PA, Tekni-Plex employs 2,500 people throughout its operations in Belgium, China, Costa Rica, Germany, India, Italy, Northern Ireland and the United States.
Rob Rutledge, MD-Genstar, says, "We are excited to be partnering with a proven, energetic and action-oriented management team. Tekni-Plex, led by CEO Paul Young, is a premier supplier to customers that possess the highest standards in quality, reliability, innovation and customer service. We have tracked the company for many years and believe the strength of Tekni-Plex's team, combined with the quality of the physical and technical assets, will enable the Company to accelerate growth going forward while continuing to be the provider of choice in its markets."
David Golde, dir.-Genstar, adds, "Through Genstar's successful investments in the medical device outsourced manufacturing, pharmaceutical services and packaging industries, we have great conviction in Tekni-Plex's business model and the opportunity to meaningfully grow Tekni-Plex through investments in assets, technology and strategic M&A."
Paul Young, CEO-Tekni-Plex, says, "We have invested heavily in our facilities, equipment and organization over the past several years so that today Tekni-Plex's well-respected brands hold leadership positions in all of its key market segments. Our strong emphasis on product innovation and R&D will continue to drive new products that create differentiated customer relationships. We look forward to the benefits of Genstar's investment professionals and strategic advisors who have significant relevant experience in similar businesses."
More info: www.tekni-plex.com