WAYNE, Pa., Sept. 21, 2021 /PRNewswire/ — Tekni-Plex has accomplished its acquisition of inflexible packaging options chief Grupo Phoenix, placing the corporate in a stronger place to broaden its market-focused, customer-driven improvements, particularly in meals and beverage markets.
Grupo Phoenix supplies each plastic and paper merchandise to world manufacturers in over 20 vertical markets, akin to dairy, desserts, espresso, drinks, ice cream, soups, spreads, cosmetics and family cleansing.
Buying the Aventura, Florida-based firm strengthens Tekni-Plex’s skill to supply options for packaging, meals service and disposable client merchandise. It additionally bolsters its skill to assist manufacturers create game-changing product design.
“Grupo Phoenix is a longtime participant within the client merchandise enterprise that provides a broad suite of capabilities to our firm,” stated Brenda Chamulak, Tekni-Plex president and CEO. “Extra importantly, we’re including capabilities that improve our skill to assist maintain meals brisker longer with sustainable packaging options.”
“This firm has an ideal eye for the way customers store the perimeter of the shop,” stated Eldon Schaffer, CEO of Tekni-Plex Client Merchandise Division. “That is an space of particular focus for us, as we transfer ahead in serving the meals and beverage trade.”
The deal creates synergies with Tekni-Plex’s current enterprise items, particularly Dolco, Tri-Seal and Motion Applied sciences.
“We now have a broader vary of supplies that help us as we work to change into extra materials agnostic,” Schaffer stated. “One other vital facet is we add so many proficient and clever folks to our crew. They’ve nice vitality. They’re extremely aggressive and they’re very pushed to bringing market-focused concepts with a buyer orientation to the desk.”
“That is an thrilling second for the staff of Grupo Phoenix,” stated Jaime Lederman, COO of Grupo Phoenix. “As a part of the worldwide Tekni-Plex household, we’re becoming a member of a world-class group. Collectively we can present much more revolutionary and sustainable options to our clients all over the world.”
ABOUT TEKNI-PLEX
Tekni-Plex is a globally built-in firm that gives revolutionary options by means of materials science and manufacturing applied sciences. A world chief within the Healthcare and Client Product markets, Tekni-Plex supplies medical system elements and a large number of fabric science options that result in a more healthy and extra sustainable world. Its options are present in among the most well-known names within the Healthcare, Pharmaceutical, Private Care, Family and Meals & Beverage markets. Headquartered in Wayne, Pa., Tekni-Plex employs 7,000 folks all through its operations in Belgium, Brazil, Canada, China, Colombia, Costa Rica, Germany, India, Italy, Mexico, Northern Eire and the USA. For extra info go to www.tekni-plex.com.
About Grupo Phoenix:
Grupo Phoenix is without doubt one of the quickest rising, most revolutionary sustainable inflexible packaging firms within the Americas. Its merchandise goal the industrial meals packaging, meals service and disposable client merchandise industries. Grupo Phoenix follows and provides clients by means of a distributed community of 5 manufacturing vegetation: two in Colombia, one in Mexico, and two in the USA. Go to Grupo Phoenix at www.GrupoPhoenix.com.
SOURCE Tekni-Plex, Inc.
