WAYNE, Pa., Sept. 21, 2021 / PRNewswire / – Tekni-Plex has completed the acquisition of the leader in rigid packaging solutions, Grupo Phoenix, and has placed the company in a stronger position to specifically expand its market-driven, customer-centric innovation in the food and beverage markets. Grupo Phoenix supplies plastic and paper products to global brands in over 20 vertical markets, including dairy products, desserts, coffee, beverages, ice cream, soups, spreads, cosmetics and household cleaning products. The acquisition of the Aventura, Florida-based company strengthens Tekni-Plex’s ability to provide packaging, hospitality and single-use consumer product solutions. It also strengthens its ability to help brands develop breakthrough product designs. “Grupo Phoenix is an established player in the consumer products business that adds a wide range of capabilities to our company,” said Brenda Chamulak, President and CEO of Tekni-Plex. “More importantly, we’re adding capabilities that improve our ability to keep food fresher longer with sustainable packaging solutions.” “This company has a keen eye for how consumers shop around the store,” said Eldon Schaffer, CEO of Tekni-Plex Consumer Products Division. “This is a particular focus for us as we evolve to serve the food and beverage industry.” The deal creates synergies with Tekni-Plex’s existing businesses, particularly Dolco, Tri-Seal and Action Technologies. “We now have a wider range of materials that help us become more material-independent,” said Schaffer. “Another important aspect is that we have so many talented and intelligent people on our team. You have great energy. They are very competitive and they are very motivated to bring market-driven ideas to the table with a customer focus. ”“ This is an exciting moment for the people of Grupo Phoenix, ”said Jaime Lederman, COO of Grupo Phoenix. “As part of the global Tekni-Plex family, we are joining a world-class organization. Together we will be able to offer our customers around the world even more innovative and sustainable solutions.” ABOUT TEKNI-PLEXTekni-Plex is a globally integrated company that provides innovative solutions through materials science and manufacturing technologies. Tekni-Plex is a global leader in the healthcare and consumer goods markets, providing medical device components and a variety of materials science solutions that lead to a healthier, more sustainable world. Its solutions can be found in some of the biggest names in the healthcare, pharmaceutical, personal care, household, and food and beverage markets. Headquartered in Wayne, Pennsylvania, Tekni-Plex employs 7,000 people in operations in Belgium, Brazil, Canada, China, Colombia, Costa Rica, Germany, India, Italy, Mexico, Northern Ireland and the United States. Further information is available at www.tekni-plex.com. About Grupo Phoenix: Grupo Phoenix is one of the fastest growing and most innovative sustainable rigid packaging companies in America. Its products target the commercial food packaging, food service and single-use consumer goods industries. Grupo Phoenix follows and supplies customers through a distributed network of five manufacturing facilities: two in Colombia, one in Mexico and two in the United States. Visit Grupo Phoenix at www.GrupoPhoenix.com. SOURCE Tekni-Plex, Inc. Related Links http://www.tekni-plex.com
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