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Tekni-Plex, developer and manufacturer of packaging material solutions and medical products, has acquired Michigan-based M-Industries, LLC, a provider of container vented lining technology.
M-Industries will operate as part of Tri-Seal, the Tekni-Plex division business specializing in closure liners and seals. M-Industries is one of only a few manufacturers worldwide that provide complex venting lining solutions for products that need air pressure regulation due to ingredients, filling methods, and/or the way they are shipped and stored.
“We are proud to have M-Industries join Tekni-Plex as we continue to strengthen our material science capabilities to help protect our customers’ brands and their products,” said Eldon Schaffer, CEO of Tekni-Plex Consumer Products Division.
“The addition of M-Industries increases the global scope of solutions we can provide to customers, including venting expertise and technical packaging, which has great applications in the demanding e-commerce/home delivery channels,” said Brian Jacobi, Tri-Seal vice president and general manager, the Americas. “Both companies offer high-quality, niche products engineered to serve specific packaging applications.”
Karlis Mateus, founder and CEO of M-Industries, said, “The partners at M-Industries recognized that, to achieve continued growth and development, we needed a strong, global, industry partner with similar values and strategy. We found that the team at Tekni-Plex shares our view of the market, people and values.”
This is the 16th acquisition that Tekni-Plex has completed over the past five years, supporting its strategy to grow its business though acquisitions and strategic add-ons. M-Industries current offices, staff, and manufacturing facility in Ada, MI, will remain in place.
