Tekni-Plex's Plan To Acquire Gallazzi's Italian Pharma Blister Film, Adhesive Tape Substrate Film Businesses Has Been Approved

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EREMBODEGEM, Belgium, Feb. 23, 2015 /PRNewswire/ -- Tekni-Plex Europe NV is announcing today that its plan to acquire Gallazzi's Italian-based pharmaceutical blister film (Tradate, Varese, Lombardia) and adhesive tape substrate film (Gallarate, Varese, Lombardia) businesses has been approved by the Italian authorities supervising the sale. 

The acquisition is expected to close in the second quarter of 2015. Gallazzi's Minerbio, Italy and Saint-Maur-des-Fosses, France locations are not part of the sale.  

Gallazzi's Tradate site manufactures high-quality polyvinyl chloride (PVC) film and polyvinylidene chloride- (PVDC) coated barrier films for pharmaceutical blister applications in an ISO8 Cleanroom. The Tradate facility also produces PVC films for food packaging and technical PVC films and sheets.  Gallazzi's Gallarate location produces thin PVC films used for adhesive-tape substrates. 

"Gallazzi's manufacturing capabilities and product offerings are an excellent complement to our global Tekni-Films business," said Paul Young, Chief Executive Officer of Tekni-Plex. "The acquisition will add mono-PVC calendaring capabilities to our blister portfolio in Europe, as well as state-of-the-art PVDC coating which will strengthen our barrier blister technology base.  These new capabilities will provide our customers with high-quality, innovative films and sheets to support their business needs."

About Gallazzi

Established in 1973, Gallazzi is known for the production of high quality PVC films and PVDC-coated barrier films for a wide variety of applications including pharmaceuticals, food packaging and other products. In 1996, Gallazzi merged with Flexafilms, a producer of thin gauge PVC film for adhesive tape applications located in Gallarate, Italy.   For more information on Gallazzi's products, contact [email protected].

About Tekni-Plex, Inc.

Tekni-Plex, Inc. is a global manufacturer of technically-sophisticated products and components engineered to meet critical customer needs in niche applications. The company operates in three segments: healthcare, specialty packaging and food packaging. Tekni-Plex's primary products include closure liners, medical tubing, high- barrier pharmaceutical films, medical compounds, dispensing components and thermoformed containers. The company is headquartered in Wayne, PA and operates  26 manufacturing facilities 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.

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