Page 44 - Plastics News February 2022

BUSINESS NEwS

Comar Acquires Injection-Moulded Packaging Firm Tekni-Plex Buys Assets

Automatic Plastics Of Fibro

“We have proudly served our customers S-based
for the last five decades and cannot Uhealthcare
wait to provide more for them in the and consumer
future as a part of Comar. “From the t e c hnolog y
beginning, we have trusted in Comar, firm Tekni-Plex
their capabilities and, most importantly, has purchased
their culture. They know how to partner t he as s e t s
with companies, mentor teams and and licensed
empower them to drive growth.“We truly technologies
believe Comar will bring the focus and of packaging
resources necessary to elevate APL to company Fibro. Based in Tacoma,
the next level of performance.” Private Washington, Fibro specialises in
equity platform Morgan Stanley Capital building and producing moulded-fibre
Partners supported the transaction. packaging using its advanced pulp
Based in New Jersey, Comar supplies technologies.Following the acquisition,
custom medical devices and assemblies the company has been integrated into
S-based speciality packaging and speciality packaging solutions. Tekni-Plex’s Dolco Packaging business
Uprovider Comar has acquired Irish In December last year, the company as of 18 January. The addition will make
injection-moulded product manufacturer acquired injection and blow-moulded Dolco the only US supplier of egg
Automatic Plastics (APL) for an product manufacturer Omega Packaging cartons made from foam polystyrene,
undisclosed sum.APL designs, develops, for an undisclosed sum. Automatic polyethylene terephthalate (PET) and
moulds and assembles rigid packaging Plastics Ltd. (APL), in operation for 50 pulp-based materials. The business
for medical devices and pharmaceutical years and led by owner and managing will also be able to expand its product
applications.The company has an ISO director Al Lawless and commercial offerings by adding a broader range
13485-certified production facility director Andrea Cawley, specializes in of sustainable, pulp-based packaging
equipped with 30 injection moulding custom design, development, molding, solutions to its existing egg cartons
machines, whose capacities range from and assembly of medical devices and and meat trays. Tekni-Plex senior vice-
25t to 485t. The acquisition is Comar’s rigid pharmaceutical packaging. APL president and Dolco Packaging general
first effort to expand internationally and is operates out of an ISO 13485 certified manager Jay Arnold said: “The Fibro
intended to strengthen its manufacturing production facility that houses 30 transaction aligns well with Tekni-Plex’s
capability in the medical device and injection molding machines ranging existing Dolco Packaging business
pharmaceutical packaging segments. from 25 to 485 tons with expertise in and will enable us to create a range of
Comar CEO Mike Ruggieri said: “We design and development, overmolding, best-in-class sustainable solutions while
are so excited to welcome the APL two-shot molding, automation, desiccant delivering added customer value. “Our
team to the Comar family. “As part of handling and packaging, and custom intention is to invest further in this
our global vision, we believe it is critical printing. The combination of APL innovative technology platform as we
to have a presence in Europe to better and Comar enhances Comar’s medical scale up, increase capacity and expand
serve our medical and pharmaceutical device and pharmaceutical packaging our product lines to bring superior
customers many of whom have a global manufacturing expertise and represents solutions to the broader fresh foods
reach.“APL has superb quality, best-in- the first step in its global expansion. landscape.” The acquisition is intended
class manufacturing, and a spectacular With Ireland being one of the world’s to strategically expand Tekni-Plex’s
management team that can carry our major medtech and pharmaceutical portfolio of material science solutions
strategic initiatives forward. We look industry hubs, the acquisition provides for the fresh food marketplace.It will
forward to a successful partnership and an exceptional foundation for Comar to complement the company’s other
continuing our growth journey together.” supply its multinational customers and recent acquisitions, which include
Keyes Packaging Group, M-Industries
APL managing director Al Lawless said: grow in European healthcare markets. and Grupo Phoenix.

44 PLASTICS NEWS FEBRUARY 2022