Wayne, Pa.-based Tekni-Plex Healthcare has acquired Mexicali, Mexico-based precision extruder Johnson Plastic Group, effective Oct. 1, to expand the company's patient care solutions platform.
The acquisition expands Tekni-Plex Healthcare's medical device capabilities and broadens the division's global footprint by adding a presence in Mexico, an Oct. 7 news release said.
"This acquisition makes total sense for us and improves our ability to service our customers," Chris Qualters, CEO of Tekni-Plex Healthcare, said in the release.
"It builds upon our existing solutions capabilities and increases our geographic reach, bringing us close to our key customer base in Mexico and the Baja region," Qualters said. "It also allows us to leverage JPG's expertise across our entire global customer base and health care end markets."
Tekni-Plex declined to comment on the terms of the deal in response to an inquiry by Plastics News.
"The addition of JPG continues to build upon our innovative patient care solutions platform centered on material science and process technologies," Qulters added. "We are looking forward to creating an even more robust set of offerings and solutions that help improve patient outcomes."
"We are truly excited to become part of Tekni-Plex Healthcare," Enrique Preciado, JPG owner and general manager, said. "We now will be able to provide even greater opportunities for our employees and a broader range of products and material science solutions for our customers."