Tekni-Plex acquires South American closure liner manufacturer
Headquartered in Santana de Parnaiba, a suburb of São Paulo, Geraldiscos is known for manufacturing innovative closure liners and induction seals for a wide variety of container types including PP, PE, HDPE, PVC, PET and glass. Closure solutions are provided for market segments such as food, beverage, personal care, healthcare, agriculture, chemical and others. Geraldiscos is also known for its 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/CEO-Tekni-Plex.
The acquisition adds 140 employees to the 3,000-strong global Tekni-Plex team. Geraldiscos GM Gabriel Sahyao Leal Dos Santos will continue to oversee the operation. The company’s vertically-integrated manufacturing facility is also ISO 9001:2015, 14001 and FSSC 22000 certified to ensure that customers receive products that meet demanding quality standards.
Geraldiscos is the 13th acquisition Tekni-Plex has made in the past five years, supporting its strategy to grow its business though transformative acquisitions and strategic add-ons.
More info: www.tekni-plex.com