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Friday, October 22, 2021

MEDICAL DEVICE NEWS MAGAZINE

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HomeACQUISITIONS and MERGERSTekni-Plex Acquires Johnson Plastic Group
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Tekni-Plex Acquires Johnson Plastic Group

Expands Medical Device Footprint

Tekni-Plex Healthcare has acquired precision extrusion manufacturer Johnson Plastic Group (JPG) as part of a strategy to expand the company’s patient care solutions platform.

Located in Mexicali, Mexico, Johnson Plastic Group specializes in precision extrusions for medical device applications. The company provides complete extrusion solutions into a variety of medical device applications for interventional and therapeutic procedures.

The acquisition expands Tekni-Plex Healthcare’s medical device capabilities and broadens the division’s global footprint by adding a presence in Mexico.

“This acquisition makes total sense for us and improves our ability to service our customers,” said Chris Qualters, CEO of Tekni-Plex Healthcare. “It builds upon our existing solutions capabilities and increases our geographic reach, bringing us close to our key customer base in Mexico and the Baja region. It also allows us to leverage JPG’s expertise across our entire global customer base and healthcare end markets.”

Qualters noted: “The addition of JPG continues to build upon our innovative patient care solutions platform centered on material science and process technologies. We are looking forward to creating an even more robust set of offerings and solutions that help improve patient outcomes.”

Enrique Preciado, JPG owner and general manager, said: “We are truly excited to become part of Tekni-Plex Healthcare.  We now will be able to provide even greater opportunities for our employees and a broader range of products and material science solutions for our customers.”

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Medical Device News Magazine, (division of PTM Healthcare Marketing, Inc., is a digital publication reporting the latest medical device, clinical trials, product launches, funding, mergers/acquisitions and biotech/diagnostic industry news.

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