Tekni-Plex purchases Geraldiscos
Geraldiscos manufactures closure liners and induction seals for a wide variety of container types.
Tekni-Plex, Wayne, Pa., purchased Geraldiscos, a Brazil-based closure liner manufacturer, to become part of Tekni-Plex’s Tri-Seal business.
Geraldiscos manufactures closure liners and induction seals for a wide variety of container types, including PP, PE, HDPE, PVC, PET and glass for the food, beverage and agriculture industries, among others. Geraldiscos also maintains sustainable manufacturing practices, including use of recycled-content materials.
“We continue to drive our strategy by growing our business organically and through mergers and acquisitions. Specifically, Geraldiscos allows us to expand our geographic footprint into South America to support the large Brazilian closure market and our multinational customers. We have followed the company for a long period of time, and have always been interested in its high-quality innovative products, excellent manufacturing capabilities, as well as a very strong management team,” says Paul Young, president and CEO, Tekni-Plex.
The acquisition adds 140 employees to the 3,000-employee Tekni-Plex team. Gabriel Sahyao Leal Dos Santos, general manager of Geraldiscos, will continue to oversee the operation. The company’s vertically-integrated manufacturing facility is also ISO 9001:2015, 14001 and FSSC 22000 certified.