Page 56 - Plastics News November 2018

Business news

BASF Venture Capital invests Tekni-Plex acquires cleanroom

in Chinese 3D printing OEM film extruder, converter Beyers
Prismlab Plastics

ASF Venture Capital GmbH has invested an undisclosed ekni-Plex, Inc. a globally-
Bamount in Prismlab, a Chinese 3D printing OEM. This Tintegrated company
cash injection from BASF is set to enable the continued focused on developing and
development of this suite of products and expansion into manufacturing innovative
the global 3D printing market. Prismlab has a portfolio packaging materials, has
of five machines all based on stereolithography (SLA) acquired Beyers Plastics,
technology, and all with varying build volume capabilities. Puurs, Belgium, a cleanroom
The company’s printing technology is said to increase Class 7 extruder and
resolution without compromising on speed. Each pixel in converter of polyethylene
the resin is divided into several smaller sections, which are (PE) film, from investment
then cured individually when exposed to LCD light – the company FAMO N.V.Beyers
energy level input is higher than if the pixel was exposed will now become part of
to light once. The result is the ability to produce larger, Tekni-Plex's Tekni-Films business unit. It specializes
stable components, like medical braces for example, or in producing PE packaging for the pharmaceutical,
a number of smaller parts at once. medical and other industries such as food, aerospace,
solar energy, semi-conductor and chemicals."The
BASF’s Venture Capital business has sought to invest in
the company as its 3D Printing Solutions division ramps acquisition of Beyers Plastics allows us to expand
up its production of materials. This deal has helped to our portfolio of cleanroom-produced pharmaceutical
and medical flexible packaging products. For the first
time, we will have bag converting capability, as well
as PE blown film extrusion," said Joe Horn, senior vice
president and general manager, global, Tekni-Films.

"The acquisition supports our goal of expanding our
offerings in the pharmaceutical and healthcare space."
"We look forward to becoming part of Tekni-Plex's
global healthcare packaging presence. Our combined
expertise and manufacturing capability will provide
packaging solutions for more companies, as well
as grow sales for our combined product lines," said
expand the organisation’s offering in this market, and Johan Noelmans, general manager, Beyers Plastics.
also in the Chinese manufacturing space. “This is our first The Beyers Plastics purchase is the tenth acquisition
direct investment in a Chinese company,” commented Tekni-Plex has made in the past four years, supporting
Markus Solibieda, Managing Director of BASF Venture its strategy to grow its business though transformative
Capital GmbH. “This investment supports BASF’s strategy acquisitions and strategic add ons. Tekni-Plex has a solid
of actively advancing our technologies and expanding our track record of successful business integrations, having
product offering in the 3D printing sector. The investment acquired companies with innovative plastic and rubber
in Prismlab reflects our commitment to further expanding products to further drive growth. Founded in 1970,
our innovation capabilities in China, and BASF Venture Beyers Plastics supplies flexible packaging solutions to
Capital plays an important role in helping us identifying most of the world's Top 10 pharmaceutical companies,
potential partners that lead us to success.” Mr. Hou Feng, and other blue chip companies in various industries.
Founder and Chairman of Prismlab said, “The 3D printing Beyers Plastics is ISO 9001-2008 certified. Tekni-Plex
technology must continue to evolve before it is set to is headquartered in Wayne, Pennsylvania, and operates
change the world.” manufacturing sites across eight countries worldwide .

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