Tekni-Plex has completed the acquisition of three manufacturing facilities from Amcor’s Flexible Packaging business unit. Two of the facilities are in Wisconsin (Madison and Milwaukee) and one is in Massachusetts.
The plants provide a broad portfolio of sterilisable 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.
Paul Young, President and Chief Executive Officer of Tekni-Plex said: “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 brings 150 qualified and experienced employees.
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 through transformative acquisitions and strategic add-ons.
Genstar Capital has also been giving financial momentum to the business move. The California-based private equity firm focuses on investments on industrial technology, healthcare, software and financial services companies.
“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,” said David Golde, managing director of Genstar Capital.