The facilities, located in Madison and Milwaukee, WI, and Ashland, MA, 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 have been supplied by our Colorite, Natvar and Dunn medical products businesses for decades,” says Paul Young, president/CEO-Tekni-Plex. “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 Amcor manufacturing facilities purchase is the 11th acquisition Tekni-Plex has made in the past five years, supporting its strategy to grow its business though transformative acquisitions and strategic add-ons.
“[Private-equity firm| 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,” adds David Golde, MD- Genstar Capital.
More info: www.tekni-plex.com