Tekni-Plex, a US-based provider of packaging materials, medical compounds and precision-crafted medical tubing solutions, has acquired Commodore Plastics and Commodore Technology.
Financial terms of the deal were undisclosed. The acquisition has been made by Tekni-Plex under its newly-formed subsidiary, Dolco, a producer of foam egg carton trays in the US.
Commodore Plastics is engaged in providing wide range of traditional and custom polystyrene (PS) foam trays, including padded food processor, supermarket and industrial trays.
Commodore Technology provides PS foam extrusion systems, dies, thermoformers, trim systems and other molds and equipment to support its sister company’s production requirements. The firm also sells its equipment to manufacturers outside North America.
Dolco is engaged in the production of standard and custom PS trays for food processing, fruit and other applications, as well as PET egg cartons and mushroom tills.
Tekni-Plex president and CEO Paul Young said: “Tekni-Plex already has significant tray manufacturing capability via its Dolco business unit.
“The acquisition will allow us to benefit from Commodore’s extruder and thermoforming equipment technology, as well as increase our manufacturing footprint. That puts us in a position to provide even more solutions to our customers.”
The acquisition follows Tekni-Plex’s recent purchase of Dunn Industries, a manufacturer of specialty extrusion tubing for medical device applications.
Dunn offers tight tolerance, small diameter medical device tubing solutions as well as a wide range of thermoplastic materials.
Commenting on the acquisition of Dunn, Young said: “With speed-to-market a critical concern in this market sector, as well as the desire for additional support from suppliers, this acquisition will help make Tekni-Plex an even stronger partner to medical device companies around the world.”
Tekni-Plex is engaged in providing packaging materials, medical compounds and precision-crafted medical tubing solutions for medical, pharmaceutical, personal care, household and industrial, and food and beverage industries.