Tekni-Plex purchases MMC Packaging
The acquisition adds 70 employees to the 3,500-strong global Tekni-Plex team.
Tekni-Plex, Wayne, Pa., purchased MMC Packaging Equipment Ltd., a Canada-based automation equipment solutions manufacturer. MMC will become part of Tekni-Plex’s Tri-Seal business.
MMC’s portfolio includes cap lining, slitting/folding, assembling and closing systems. Additionally, the company develops and sells vision systems and custom automation equipment.
“We continue to drive our strategy by growing our business organically and through acquisitions. The acquisition of MMC allows us to bring an expanded array of solutions to the caps and closure packaging segment, as well as other markets. As experts in designing, assembling and supplying leading-edge, high-speed, post-molding automation systems, MMC’s global business perfectly complements Tri-Seal’s worldwide manufacturing footprint. With their innovative products and excellent manufacturing capabilities, as well as a very strong management team, we will be able to bring even more solutions to our customer base,” says Paul Young, president and CEO, Tekni-Plex.
The acquisition adds 70 employees to the 3,500-strong global Tekni-Plex team. Christiane El-Tekly, general manager of MMC, will continue to oversee the operation.
“We are excited about MMC’s future. Becoming part of the Tekni-Plex family will give MMC access to new growth opportunities and enable us to continue our commitment to high-quality automation and superior customer service. Together, we will be able to accomplish great things for our customers and employees,” says Philippe McNally, president, MMC.