US-based manufacturing facilities are located in Madison and Milwaukee, Wisconsin and Ashland, Massachusetts
Tekni-Plex has signed a definitive purchase agreement to acquire 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 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, Tekni-Plex, explained: “The acquisition expands our complex packaging solution portfolio for medical device manufacturers, many of whom are our customers today."
Young said Tekni-Plex’s medical products businesses —Colorite, Natvar and Dunn— have been supplying these same customers globally for decades, and "we will continue to deliver on their quality and service expectations".
As part of the acquisition, 150 qualified employees have joined Tekni-Plex.
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.
The closing of the acquisition is conditioned upon approval by the United States Department of Justice and the closing of the merger between Amcor Limited and Bemis Company, Inc.