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Tekni-Plex Acquires Two Businesses from Italina PVC Film Maker Gallazzi.

MANews-(C)2009-2015

1 May 2015 - US packaging company Tekni-Plex's Belgium-based Tekni-Plex Europe NV unit has acquired Italian PVC film manufacturer Gallazzi S.r.l.'s pharmaceutical blister film (Tradate, Varese, Lombardia) and adhesive tape substrate film (Gallarate, Varese, Lombardia) businesses, the company said on Monday..

Tekni-Plex said it will continue to operate the acquired businesses using the same plants, equipment, formulations, procedures and certifications with no change to the products produced for customers.

It will operate the acquired businesses through its subsidiary, Tekni-Plex Gallazzi Srl.

Gallazzi S.r.l. 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, as well as thin gauge PVC film for adhesive tape applications.

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 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 operates 30 manufacturing facilities across nine countries worldwide to meet the needs of its global customers.

Country: Italy

Sector: Paper/Packaging/Office Supplies

Target: Gallazzi pharmaceutical blister film, adhesive tape substrate film units

Buyer: Tekni-Plex Europe NV

Vendor: Gallazzi S.r.l.

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the transaction were not disclosed

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Publication:M & A Navigator
Date:May 1, 2015
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