Wayne-based Tekni-Plex has purchased Italian healthcare packaging company Lameplast SpA from Milan-based private equity firm Aksìa Group. Lameplast will become part of Tekni-Plex’s global Tekni-Films business.
The acquisition adds approximately 130 employees to the more than 3,000 at Tekni-Plex. Lameplast General Manager Luca Iulli will continue to oversee the operation.
Lameplast is the 12th acquisition Tekni-Plex has made in the past five years, supporting its strategy to grow its business though acquisitions and strategic add-ons. Last month, Tekni-Plex closed the acquisition of three manufacturing facilities from Amcor's Flexible Packaging business unit.
“We continue to drive our strategy by growing our business organically and through mergers and acquisitions,” Tekni-Plex CEO Paul Young said in a statement. "We have specifically focused on expanding our health care packaging offerings, with M&A in product or technology adjacencies. Lameplast brings Tekni-Plex specific expertise in unit and multi-dose packaging that was not part of our portfolio previously."
Lameplast is an Italian manufacturer of plastic single/multi-dose containers for pharmaceutical, diagnostic, medical device, veterinary and cosmetic applications, with an emphasis on ophthalmic, vaccine, vaginal and rectal applications. Lameplast is also known for its injection molding, blow molding and injection blow molding expertise which enables it to produce custom packaging solutions for demanding applications.
Tekni-Plex was acquired by private equity form Genstar Capital in October 2017.