Tekni-Plex to acquire packaging materials firm Sancap Liner Technology

22 March 2016 (Last Updated March 22nd, 2016 18:30)

Tekni-Plex has agreed to acquire cap and closure sealing materials producer Sancap Liner Technology for an undisclosed amount.

Tekni-Plex has agreed to acquire cap and closure sealing materials producer Sancap Liner Technology for an undisclosed amount.

Based in Ohio, US, Sancap produces heat-seal, pressure-sensitive and gasket-sealing liners for pharmaceutical and food applications.

It also manufactures higher-barrier, Saran laminations and coated pouch / bag structures for food, liquor, confectionary and chemical applications.

Tekni-Plex senior vice-president David Andrulonis said: "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."

Tekni-Plex expects the acquisition to expand its heat-seal liner production capability.

Andrulonis added: "Sancap's 460,000ft² also provides a footprint from which to increase future manufacturing capacity.

"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."

"This will enable Tekni-Plex to accommodate increasing global demand for our products."

On completion of the deal, Sancap will be the third liner business Tekni-Plex has acquired in the last 18 months.

Tekni-Plex acquired India-based Ghiya Extrusions, a supplier of EPE foam closure liners, as well as assets of Tech-Seal, a manufacturer of closure liners and inner seals for food, pharmaceutical, cosmetic and industrial applications.

Tekni-Plex said the acquisition of Ghiya Extrusions complements its existing business in India and grows its closure liner business globally.

Last year, the company's subsidiary Tri-Seal developed a new laminated aluminium foil / foam barrier liner for roll-on pilfer proof (ROPP) wine closures.

When used as an alternative to tin / saran liners commonly used for ROPP wine applications, the new Tri-Vin liners support wine ageing, while preserving the aroma and taste.