- Tekni-Plex News
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Tekni-Plex, Inc. has acquired the healthcare packaging, performance lidstock, induction seal and specialty lamination businesses of Oracle Packaging, Winston-Salem, North Carolina. Oracle Packaging is a portfolio company of Centre Lane Partners, LLC.
Oracle specializes in manufacturing flexible packaging laminates for healthcare, food and beverage and specialty applications. The healthcare packaging portfolio includes pouchstock and sterilizable barrier laminates. Additionally, the company manufactures performance lidstock products, induction heat seals and specialty lamination structures that target hard-to-hold products and those requiring puncture resistance.
Going forward, these product lines will become part of Tri-Seal, a Tekni-Plex business. Tri-Seal is known for its broad range of liners manufactured in a variety of materials ranging from a one-piece induction seal to nine-layer extrusions and laminations. The business unit operates manufacturing facilities in North America, Europe and Asia.
“The addition of the Oracle product lines to our Tri-Seal business unit will enable us to combine our existing liner expertise with complementary specialty packaging offerings. Growing our flexible packaging capability with new lidding and pouchstock products will enable us to provide additional value to our existing customers and penetrate new markets,” said Paul J. Young, president and chief executive officer, Tekni-Plex.
Oracle’s 450,000-square-foot manufacturing facility in Winston-Salem is included in the acquisition. The facility currently employs approximately 170 people.
The Oracle Packaging purchase is the ninth acquisition Tekni-Plex has made in the past four years, supporting its strategy to grow its business via both organic and acquisition paths. Tekni-Plex has a solid track record of successful business integrations, having acquired companies with innovative plastic and rubber products to further drive growth. Jefferies LLC acted as the financial advisor to Oracle Packaging in the transaction.
The latest in unit dose packaging and films for pharmaceutical and medical device applications will be featured by Tekni-Plex Europe at CPHI InnoPack, November 5-7, Frankfurt, Germany, stand 111G70. As a result of Tekni-Plex’s recent Lameplast acquisition, the company will be discussing semi-automatic and fully automatic Pentafill™ fill/seal machines for its injection molded unit-dose packaging.
Tekni-Plex has purchased automation equipment solutions manufacturer MMC Packaging Equipment Ltd. which will become part of Tekni-Plex’s Tri-Seal business. Headquartered in Laval, in the Montreal metropolitan region, Québec, Canada, MMC has a three-decade long reputation as a leading automation equipment manufacturer including cap lining, slitting/folding, assembling and closing systems.
A Tekni-Plex subsidiary has purchased Brazilian closure liner manufacturer Geraldiscos, which will become part of Tekni-Plex’s Tri-Seal business. Headquartered in Santana de Parnaiba, a suburb of São Paulo, Geraldiscos is known for manufacturing innovative closure liners and induction seals for a wide variety of container types including PP, PE, HDPE, PVC, PET and glass.
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. Headquartered in Rovereto sul Secchia near Modena, the company is a leading Italian manufacturer of plastic single/multi-dose containers for pharmaceutical, diagnostic, medical device, veterinary and cosmetic applications.
Tekni-Plex has completed the acquisition of three manufacturing facilities from Amcor’s Flexible Packaging business unit. The facilities—located in Madison and Milwaukee, Wisconsin and Ashland, Massachusetts— 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.
Tekni-Plex signs definitive purchase agreement to acquire three Amcor manufacturing facilities
Tekni-Plex has signed a definitive purchase agreement to acquire three manufacturing facilities from Amcor’s Flexible Packaging business unit. The facilities 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.
Genstar Capital, a leading private equity firm focused on investments in targeted segments of the industrial technology, healthcare, financial services and software industries, today announced the acquisition of Tekni-Plex, Inc., a leading global manufacturer of technologically advanced products, components and materials for niche healthcare, specialty packaging, and food packaging applications, from affiliates of American Securities.
The latest in films and closure liners for medical device and pharmaceutical applications will be featured by Tekni-Plex business units at CPHI InnoPack, October 24-26, Frankfurt, Germany, stand 42H70. The company’s Tekni-Films business unit will be highlighting its Flexapharm® ultra high-barrier PVDC SBC coating, which offers multiple barrier and economic attributes for pharmaceutical applications, as well as its Aclar® laminates.
Tekni-Plex announces $15 million investment in new China manufacturing facility
Tekni-Plex, Inc. has announced a $15 million investment in a new state-of-the-art manufacturing facility in Suzhou, China, near Shanghai. It represents the single largest recent investment by Tekni-Plex and reflects the growing needs of the Asia-Pacific pharmaceutical and medical device market.
Tekni-Plex, Inc. has acquired the assets of BrunaSeals, Doral, Florida, a leading producer of induction seals and foam closure liners for beverage, cosmetics, pharma and household and industrial chemical products. Going forward, BrunaSeals will become part of Tri-Seal, Tekni-Plex’s global closure liners business unit.
Colorite announces North American launch of Cellene thermoplastic elastomer compounds for medical devices
Colorite, a Tekni-Plex company, is introducing its Cellene line of thermoplastic elastomer compounds to the North American marketplace for medical device applications. Cellene thermoplastic elastomer compounds are suitable for a wide variety of medical devices, as well as packaging and other regulated markets. Cellene compounds are formulated to be silicone, latex, phthalate, halogen and PVC-free using FDA-compliant raw materials to meet USP Class VI and ISO 10993 standards.
Colorite launches new thermoplastic elastomer compound line for medical devices at MD&M West
A line of thermoplastic elastomer (TPE) compounds for medical device applications is being launched in North America by Colorite, a Tekni-Plex company, at MD&M West, February 7-9, Anaheim Convention Center, Anaheim, Calif., booth 2027.
Tekni-Plex unifies aerosol/pump dispensing manufacturing under Action Technology brand name
Tekni-Plex, Inc. is announcing that its aerosol and pump dispensing manufacturing will be doing business as Action Technology, a Tekni-Plex, Inc. company, going forward. The company has been operating under the Action Technology brand for the past 40 years and under the American Gasket and Rubber (AGR) brand for more than 70 years.
- Elias Bittan
- Company News
- Created 19 Jun 2018
- Modified 19 Jun 2018
- Hits 391