Tekni-Plex buys three healthcare packaging plants

superadmin June 2, 2019 No Comments

Tekni-Plex buys three healthcare packaging plants

Tekni-Plex recently announced that it has completed its purchase of three manufacturing facilities from Amcor’s Flexible Packaging business unit.

The facilities are in Madison and Milwaukee, Wis., and Ashland, Mass., and provide 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.

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“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,” Paul Young, Tekni-Plex’s president and CEO, said in a news release yesterday.

“The acquisition of these three plants also brings us 150 highly qualified and experienced employees who form the backbone of the business,” Young said. “We are happy to welcome them to the Tekni team of 3,000 strong across the world.”

The purchase of the Amcor manufacturing facilities is the 11th acquisition that Wayne, Pa.–based Tekni-Plex has made in the past five years.

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Content Reference : MassDevice – Medical Device News