Tekni-Plex enhances packaging capabilities with tenth acquisition

By Ben Hargreaves

- Last updated on GMT

(Image: Getty/Artisteer)
(Image: Getty/Artisteer)

Related tags Tekni-Plex Beyers Plastics

The US company said the acquisition was in line with its 'strategy to grow its business through transformative acquisitions and strategic add-ons.'

The deal sees Tekni-Plex acquire Beyers Plastics, a Belgian company, which produces polyethylene (PE) packaging for the pharmaceutical and medical industries

Beyers Plastics extrudes PE film in a cleanroom 7 environment, offering films based on pharma grade resins.

The firm also produces packaging for the food, aerospace and chemicals industries, among others, but Tekni-Films stated the focus of its integration would be its pharma and medical industries.

“The acquisition of Beyers Plastics allows us to expand our portfolio of cleanroom-produced pharmaceutical and medical flexible packaging products.

For the first time, we will have bag converting capability, as well as PE blown film extrusion,” ​explained Joe Horn, senior vice president and general manager, global, of Tekni-Films – the parent company of Tekni-Plex.

Tekni-Plex noted that the acquisition is its 10th​ in the last four years, stating that it has a “solid track of successful business integrations.”

The financial details of the deal were not disclosed and Tekni-Plex did not respond to a request for comment.

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