Page 42 - Plastics News April 2022
P. 42

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
   37   38   39   40   41   42   43   44   45   46   47