Tekni-Plex Acquires Oracle Packaging Businesses
Tekni-Plex Inc. (tekni-plex.com) has acquired the healthcare packaging, performance lidstock, induction seal and specialty lamination businesses of Oracle Packaging, Winston-Salem, N.C.
Oracle specializes in manufacturing flexible packaging laminates for healthcare, food and beverage and specialty applications. The healthcare packaging portfolio includes pouchstock and sterilizable barrier laminates. The company also manufactures performance lidstock products, induction heat seals and specialty lamination structures that target hard-to-hold products and those requiring puncture resistance.
Going forward, these product lines will become part of Tri-Seal, a Tekni-Plex business. Tri-Seal is known for its broad range of liners manufactured in a variety of materials ranging from a one-piece induction seal to nine-layer extrusions and laminations. The business unit operates manufacturing facilities in North America, Europe and Asia.
“The addition of the Oracle product lines to our Tri-Seal business unit will enable us to combine our existing liner expertise with complementary specialty packaging offerings. Growing our flexible packaging capability with new lidding and pouchstock products will enable us to provide additional value to our existing customers and penetrate new markets,” said Paul J. Young, president and chief executive officer, Tekni-Plex.
Oracle’s 450,000-square-foot manufacturing facility in Winston-Salem is included in the acquisition.