Tekni-Plex, a packaging materials, medical compounds and precision-crafted medical tubing solutions manufacturer, has acquired two businesses in Bloomfield, New York, US, in order to expand its food processor tray portfolio and manufacturing capability.
The acquired businesses are sister companies Commodore Plastics and Commodore Technology.
Commodore Plastics manufactures a diverse range of traditional and custom polystyrene (PS) foam trays, including padded food processor, supermarket and industrial trays.
Commodore Technology produces PS foam extrusion systems, dies, thermoformers, trim systems and other moulds and equipment for its sister company and other manufacturers outside North America.
The newly acquired companies will operate under Tekni-Plex’s affiliate Dolco Packaging, which produces foam egg carton trays in the US.
Tekni-Plex president and CEO Paul Young said: “Tekni-Plex already has significant tray manufacturing capability via its Dolco business unit.
“The acquisition will allow us to benefit from Commodore’s extruder and thermoforming equipment technology, as well as increase our manufacturing footprint. That puts us in a position to provide even more solutions to our customers.”
The acquisition is said to be complementary to Dolco’s standard and custom PS trays for food processing, fruit and other applications, as well as PET egg cartons and mushroom tills.
The company has acquired eight businesses in the past four years as part of its strategy to grow its business.