Tekni-Plex acquires Canadian MMC Packaging Equipment

5 September 2019 (Last Updated September 5th, 2019 16:22)

Global packaging materials producer and developer Tekni-Plex has acquired Canadian automation solutions manufacturer MMC Packaging Equipment for an undisclosed amount.

Global packaging materials producer and developer Tekni-Plex has acquired Canadian automation solutions manufacturer MMC Packaging Equipment for an undisclosed amount.

MMC has over 30 years of experience in automation equipment manufacturing, including cap lining, slitting, folding, assembling and closing systems.

The company also manufactures and sells vision systems and custom automation equipment.

MMC president Philippe McNally said: “We are excited about MMC’s future. Becoming part of the Tekni-Plex family will give MMC access to new growth opportunities and enable us to continue our commitment to high-quality automation and superior customer service.

“Together, we will be able to accomplish great things for our customers and employees.”

With this acquisition, Tekni-Plex has added 70 employees to its 3,500 global workforce. MMC will become part of its Tekni-Plex Tri-Seal business.

MMC general manager Christiane El-Tekly will continue to supervise the operation.

This is the 14th acquisition that Tekni-Plex has completed over the last five years as a part of its strategy to build its business through acquisitions and strategic add-ons.

Tekni-Plex president and chief executive officer Paul Young said: “We continue to drive our strategy by growing our business organically and through acquisitions.

“The acquisition of MMC allows us to bring an expanded array of solutions to the caps and closure packaging segment, as well as other markets.

“With their innovative products and excellent manufacturing capabilities, as well as a very strong management team, we will be able to bring even more solutions to our customer base.”

In July, Tekni-Plex subsidiary acquired Brazilian closure liner manufacturer Geraldiscos.