Tekni-Plex to Acquire Closure Liner and Seal Manufacturer Tech-Seal
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.”