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INDUSTRIAL | Manufacturing
toolandplastic.com

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Stage

Acquired | Acquired

About Tool & Plastic Industries

Tool and Plastic Industries specializes in an injection molding product.On July 15th, 2020 Tool and Plastic Industries was acquired by Technimark. The terms of the transaction were not disclosed.

Tool & Plastic Industries Headquarter Location

Longford Business & Technology Park Ballinalee Road

Longford,

Ireland

+353 (0)43 3346133

Latest Tool & Plastic Industries News

Technimark Buys European Injection Molder Tool & Plastic Industries

Jul 15, 2020

Technimark Buys European Injection Molder Tool & Plastic Industries Acquiring injection molded product supplier expands global manufacturing platform and healthcare focus. PR Newswire07.15.20 Technimark , a global manufacturer of custom rigid plastic packaging and components, has acquired  Tool & Plastic Industries Ltd. , a supplier of injection molded products for the medical device, pharmaceutical, and consumer product sectors. The company is headquartered in Longford, Ireland, with an additional facility in Ostrava, Czech Republic. Financial terms of the transaction were not disclosed. Technimark is backed by Pritzker Private Capital. Tool & Plastic, in operation for 52 years and led by owners Colm Cuffe and Declan O'Rourke, specializes in offering competitive and innovative contract GMP Cleanroom molding and assembly solutions. The company operates from a number of ISO Class 8 Cleanroom environments in its facility in Ireland and from an IATF 16949 compliant facility in the Czech Republic. Tool & Plastic has continually invested in state-of-the-art technology, allowing for high-quality manufacturing services and a longstanding reputation for excellence. The combination of Tool & Plastic and Technimark enhances Technimark's healthcare manufacturing expertise, as well as its global footprint. The combined company will have 13 facilities and over 4,400 employees worldwide. "We are excited to partner with Technimark," commented Cuffe. "Tool & Plastic and Technimark share a common culture for technical excellence, safety, innovation and customer partnership, and we look forward to building lasting value together."   O'Rourke added, "The acquisition by Technimark represents a strategic fit for the business in Ireland and the Czech Republic, and we look forward to developing and growing the business on the solid foundation already in place."   "Tool & Plastic's leadership in its core healthcare markets, combined with Technimark's manufacturing expertise, healthcare customer relationships, and scale create a market leader with significant opportunities for future growth," said Brad Wellington, CEO of Technimark. "Tool & Plastic will help us deliver even more value to our customers, and we are excited to welcome them to the Technimark family."   Thomas Chadwick, vice president at Pritzker Private Capital, added, "This acquisition represents an important growth opportunity for Technimark and adds two state-of-the-art facilities in key geographies that will help accelerate growth of the combined business. We look forward to a successful partnership ahead."   "By enhancing our ability to serve customers across Western and Eastern Europe, these acquisitions bolster our long-term growth strategy in the global healthcare market," Wellington said. "Technimark is well-positioned to help our clients apply advanced and innovative technology-based solutions from design and engineering through production, including assembly and packaging of the final product." Teknor Apex Company 06.17.20 Hoffer Plastics 05.07.20 Mack Molding 04.22.20 Vaupell Midwest 04.16.20 GW Plastics 03.12.20 Comar 02.10.20 GW Plastics 01.20.20 Plastikos 01.13.20 Tessy Plastics 01.06.20 PRNewswire 11.05.19 Mack Molding 10.23.19 Business Wire 10.22.19 Polymer Resources Ltd. 08.30.19 Purdue University 08.23.19 ETH Zurich 08.09.19

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