Page 42 - Plastics News April 2022
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capabilities for products used in medi- logistics applications. Intertech has represents TriMas’ sixth acquisition in
cal applications, as well as products and invested in innovation efforts to com- the packaging market since early 2019,
assemblies for consumer and industrial mercialize sustainable resin technology, and its second with products, injec-
applications. Intertech’s medical-related including the use of biopolymers and tion molding manufacturing capability
product offering, manufactured in a plant-based resins in specific packaging and customer approvals in the medical
dedicated ISO 13485 certified facility applications. Intertech previously oper- technology end market. This acquisi-
with a Class 8 controlled environment ated as a private, family-owned com- tion is consistent with TriMas’ core
and MedAccred® accreditations, in- pany, and generated approximately $32 strategy to allocate capital and avail-
cludes highly-engineered and tight toler- million in revenue in fiscal year 2021. able capacity to build out its packag-
ance components used in vascular access “We are excited to announce the addi- ing platform. TriMas will discuss addi-
and in vitro diagnostic applications. In a tion of Intertech to the TriMas family of tional details related to this transaction
separate facility, Intertech manufactures businesses,” said Thomas Amato, Presi- on its fourth quarter and full year 2021
injection-molded products for food, dent and Chief Executive Officer of Tri- earnings conference call later today.
wellness, hospitality and e-commerce Mas. TriMas’ acquisition of Intertech
42 PLASTICS NEWS April 2022