Tekni-Plex‘s growth-through-acquisitions strategy continues. The company announced it has purchased Lameplast, a plastic packaging manufacturer for pharmaceuticals, from private equity firm the Aksìa Group. The purchase price was not disclosed. Lameplast will be assigned to Tekni-Plex’s films business.
The Italian company makes rigid plastic packaging such as single- and multi-dose jars and containers for pharmaceutical, diagnostic, medical device, veterinary and cosmetic applications. It has injection moulding, blow moulding and injection blow moulding expertise, and employs 130 people at its Rovereto sul Secchia site near Modena. Lameplast general manager Luca Iulli will remain in charge of the operation.
This is the twelfth acquisition Tekni-Plex has made over the past five years. In June 2019, the US company completed the acquisition of three Amcor medical packaging facilities in the US, located in Madison and Milwaukee in Wisconsin and Ashland, Massachusetts see (K Portal Source). Prior to this, Tekni-Plex bought Belgian films manufacturer Beyers Plastics see (K Portal Source).
SOURCE: k-online.com
About Tekni-Plex:
Tekni-Plex is a globally-integrated company focused on developing and manufacturing innovative packaging materials, medical compounds and precision-crafted medical tubing solutions for some of the most well-known names in the medical, pharmaceutical, personal care, household & industrial, and food & beverage markets. Headquartered in Wayne, Pa., Tekni-Plex employs 2,500 people throughout its operations in Belgium, China, Costa Rica, Germany, India, Italy, Northern Ireland and the United States.
Who Tekni-Plex Are:
A global leader in advanced plastic and rubber technology, Tekni-Plex engineers solutions to meet customer needs in critical applications that touch every aspect of life, from medical devices to food packaging.
Global Expertise:
Our worldwide presence and strength give us access to a broad range of material and developmental resources. In addition, our businesses work in highly regulated markets and have decades of expertise in navigating global regulatory requirements. This enables us to create and service products remarkable for their safety, reliability, consistency and quality throughout all our global divisions – to help our customers meet their goals.
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