Tekni-Plex sells Swan Hose unit to private equity firm

RUBBER & PLASTICS NEWS STAFF

Published: April 12, 2013 2:33 pm ET
Updated: April 12, 2013 2:35 pm ET

Related to this story

Topics Mergers & Acquisitions, Pipe/Profile/Tubing, Extrusion

KING OF PRUSSIA, Pa.—Tekni-Plex Inc. said it has sold its Swan Hose business to Jacobson Partners, a New York-based private equity firm, for an undisclosed amount.

Tekni-Plex said it has been pleased with the recent performance of Swan and has "effected this sale to allow us to focus on our core health care, food packaging and specialty segments," according to Paul Young, Tekni-Plex president and CEO. The company will use the sale proceeds to reduce debt.

Swan's history goes back more than 80 years. It develops and makes high-quality consumer and industrial hoses marketed to home improvement and mass merchant retailers. Its product lines include garden, specialty and industrial hoses marketed under the Swan, WaterWorks, Element and Aero-Tube brands. It also sells hose on a private label basis.

Tekni-Plex bought the Swan business in 2001 from Mark IV Industries Inc.


Comments

Tekni-Plex sells Swan Hose unit to private equity firm

RUBBER & PLASTICS NEWS STAFF

Published: April 12, 2013 2:33 pm ET
Updated: April 12, 2013 2:35 pm ET

Post Your Comments


Back to story


More stories

Image

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Badger buys competitor Joseph Homa

September 17, 2014 4:04 pm ET

Badger Plug Co. has extended its protective plugs customer base by acquiring and closing a rival, Joseph Homa Consultants Inc. of Montreal.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events