KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--Tekni-Plex, Inc. announced today that it has signed an agreement to acquire the assets of Tech-Seal Products, Inc. Tech-Seal manufactures closure liners and innerseals for food, pharmaceutical, cosmetic, and industrial applications at its Triadelphia, WV-based manufacturing facility. The transaction is expected to close this month.
“We are very pleased to be adding Tech-Seal’s manufacturing capabilities and product offerings to our liner business,” said Paul Young, Tekni-Plex’s CEO. “We look forward to the strong combination of Tech-Seal and Tekni-Plex’s Tri-Seal® brand to provide our customers with top quality, service and innovative product offerings to support their business needs.”
Paul Yousif, Tech-Seal’s President, said, “We couldn’t be happier to be joining Tekni-Plex. Our customers will benefit significantly from this combination.”
About Tech-Seal Products, Inc.
Tech-Seal was founded in 1982 and produces induction heatseal and specialty liners to support the needs of the Closure liner space. Known for their quality and service to their customers Tech-Seal has successfully built the business on working closely with customers to fulfill their liner needs.
About Tekni-Plex, Inc.
Tekni-Plex, Inc. is a global manufacturer of technically-sophisticated products and components engineered to meet critical customer needs in niche applications. The Company operates in three segments: Healthcare, Specialty Packaging and Food Packaging. Tekni-Plex’s primary products include closure liners, medical tubing, high-barrier pharmaceutical films, medical compounds, dispensing components and thermoformed containers. The Company is headquartered in King of Prussia, PA and operates 25 manufacturing facilities across nine countries worldwide to meet the needs of its global customers. For more information on the capabilities of Tekni-Plex, visit www.tekni-plex.com.