WAYNE, Pa., March 21, 2016 /PRNewswire/ -- Tekni-Plex, Inc. has signed an agreement to acquire Sancap Liner Technology, Inc., Alliance, Ohio. Sancap is a leading producer of heat-seal, pressure-sensitive and gasket-sealing liners for pharmaceutical and food applications. The transaction is expected to close in April.
"Sancap's heat-seal liner production capability makes this an ideal strategic acquisition for Tekni-Plex. Coupled with our existing strong technology base in foam liners, this will enable us to serve our global customers with an even broader product line. We look forward to building upon the reputation established by Sancap's late founder, Robert Stuhlmiller," said David Andrulonis, senior vice president/general manager, Tekni-Plex.
In addition to liners, Sancap also produces higher-barrier, Saran® laminations and coated pouch/bag structures for food, liquor, confection and chemical applications.
"Sancap's 460,000 square foot facility also provides a footprint from which to increase future manufacturing capacity. This will enable Tekni-Plex to accommodate increasing global demand for our products," Andrulonis said.
When the transaction closes, Sancap will be the third liner business Tekni-Plex has acquired in the last 18 months. The two previous acquisitions were Ghiya Extrusions, Ahmedabad, India and Tech-Seal, Triadelphia, W.V.
About Sancap Liner Technology
Over the past 30 years, Sancap has established itself as a leading manufacturer of specialty liners, flexible packaging materials and abrasives for a broad range of applications. The company's heat-seal liners are the material of choice for many of today's pharmaceutical products.
About Tekni-Plex, Inc.
Tekni-Plex is a globally-integrated company focused on developing and manufacturing innovative packaging materials, medical compounds and precision-crafted tubing solutions for some of the most well-known names in the pharmaceutical, medical, food and beverage, consumer and specialty-product markets. Tekni-Plex is headquartered in Wayne, Pa. and operates 28 manufacturing sites across nine countries worldwide to meet the needs of its global customers. For more information visit www.tekni-plex.com.
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SOURCE Tekni-Plex, Inc.