Levin, Alexandria Pike, Paul Watkins, Nir Servatka and Gregg Benson of Davies Ward Phillips & Vineberg LLP to Amcor plc (ASX:AMC). The Company offers packaging materials, medical compounds, and precision-crafted medical tubing solutions. William Blair acted as a financial advisor to Amcor Limited. manufactures packaging and containers products.

Closing is subject to approval by the United States Department of Justice and completion of the merger between Amcor Limited and Bemis Company Inc. Approximately 150 employees of from the three facilities will join Tekni-Plex pursuant to the deal. The facilities generate annual combined sales of approximately $100 million. Tekni-Plex and Amcor entered into the agreement in order to resolve certain specific antitrust concerns raised in the United States associated with the proposed combination of Amcor and Bemis. The transaction represents an add-on for Tekni-Plex sponsored by Genstar Capital. entered into a definitive agreement to acquire three manufacturing facilities from Amcor Limited (ASX:AMC) for approximately $220 million on April 22, 2019. Our strategic focus on these applications underscores our manufacturing capabilities at our Suzhou facility,” said Michael Luo, general manager of Tekni-Plex China, in a news release.Tekni-Plex Inc. The China medical market is growing rapidly, and sourcing high tolerance tubing from local suppliers is increasingly important. Tekni-Plex consumer products CEO Eldon Schaffer said: This acquisition plays to the strengths of Dolco, Tri-Seal and Action Technologies business units by expanding the range of solutions we offer our customers, using a broader range of materials for sustainability and approaching challenges with a consumer-driven mindset. “Precision extruded silicone, thermoplastic and thermoplastic elastomer tubing is critical for the most advanced medical devices. Tekni-Plex will also tout radiopaque striped thermoplastic polyurethane (TPU) used for IV cannulas. Three-layer PEBA/bond/PE tubing used for rapid-exchange balloon catheters provides cardiovascular catheter companies a local source for critical tubing used to track the guidewire during interventional procedures. It can produce tubes with tolerances as low as +/- 0.03 mm (+/- 0.001 in.).Īt Medtech China, Tekni-Plex also plans to show off its precision, melt-extruded tubing used for endovascular and other IV applications. It’s a job and not a terrible place to work but sometimes it feels like pure chaos due to lack of communication, inconsistent enforcement of policies, frequent changes, and. Of the respondents, 18 said that they strongly agreed that they have the flexibility they need in terms of both time and location, and 20 said that they agreed. Other (Current Employee) - Winston-Salem, NC - June 10, 2022. Do people working at Tekni-Plex have the time and location flexibility they need Indeed’s Work Happiness survey asked over 40 current and former employees. Tekni-Plex’s Suzhou plant makes silicone tubing with diameters ranging from 0.2 to 25 mm (0.008 to 0.984 in.) and wall thicknesses ranging from 0.1 to 3.0 mm (0.004 to 0.118 in.). worker pay management lot company employee good time. Precision fluid delivery requires tight tolerance tubing made from medical-grade silicone. A global leader in the Healthcare and Consumer Product markets, Tekni-Plex provides medical device components and a multitude of material science solutions. In China, there’s an increased need for silicone tubing used for patient-controlled analgesia (PCA) pumps and peristaltic pumps for IV therapy, according to Tekni-Plex. Tekni-Plex (Wayne, Pa.) reports that demand for locally sourced medical grade tubing - made at Tekni-Plex China’s Suzhou facility - is rapidly growing. 25–27 in Shanghai.Įven as the U.S.-China trade war shows no signs of ending, American medical device companies are increasingly manufacturing in China for China as the country’s middle class expands and demands higher-quality healthcare. Natvar silicone tubing from Tekni-Plex Tekni-Plex plans to tout its latest medical tubing offerings during Medtec China, Sept.

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