Tekni-Plex has completed the acquisition of three manufacturing facilities from Amcor's Flexible Packaging business unit.
The facilities — located in Milwaukee, Madison, Wis., 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 have been supplied by our Colorite, Natvar and Dunn medical products businesses for decades," Tekni-Plex CEO Paul Young 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 Amcor manufacturing facilities purchase is the 11th acquisition Tekni-Plex has made in the past five years, supporting its strategy to grow its business through acquisitions and strategic add-ons.
Tekni-Plex was acquired by private equity form Genstar Capital in October 2017.