Acquisition

Technimark Acquires European Injection Molder, Tool & Plastic Industries Ltd., Expanding Global Manufacturing Platform And Healthcare Focus

Global plastic injection molding leader adds facilities in Ireland and the Czech Republic

ASHEBORO, N.C., (July 14, 2020) – Technimark, a global manufacturer of custom rigid plastic packaging and components, announced today it has acquired Tool & Plastic Industries Ltd., a leading 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 Mr. 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.”

Mr. 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,” Mr. 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.”

About Technimark

Technimark is a leading, global provider of custom rigid plastic packaging and components. Family-founded and led for more than 30 years, Technimark has provided customers with customized, end-to-end solutions based on technology and innovation. With facilities in the United Kingdom, United States, Mexico, China and Germany, Technimark delivers high quality products on a global basis for healthcare, consumer packaged goods and specialty industrial customers. For more information, visit technimark.com.

About Tool & Plastic Industries, Ltd.

Founded in 1968 and headquartered in Longford, Ireland, Tool & Plastic Industries is a leading supplier of precision injection molded plastic components to the global medical device, pharmaceutical and consumer product sectors. Operating out of facilities in Ireland and the Czech Republic, the Company serves an international blue-chip customer base, including leading OEM’s in its sectors of service. Tool & Plastic is ISO 13485-certified and operates from a number of ISO Class 8 Cleanroom environments. For more information, visit toolandplastic.com.

About Pritzker Private Capital

Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products, services and healthcare sectors. The firm’s differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur and family owned companies. For more information, visit ppcpartners.com.

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Technimark Invests to Grow Healthcare Business

Access to Increased Resources and Technology Appeals to Customers

Asheboro, N.C. — With its recent acquisition of Ci Medical Technologies, Technimark, a global manufacturer of custom rigid plastic packaging and components, launched a separate medical division, Technimark Healthcare.

“The new division expands Technimark’s decade-old healthcare business by combining our global footprint, technical capabilities and financial resources with Ci Medical’s blue-chip customer base,” said Kris Peavy, senior vice president of sales and marketing for Technimark. “We were especially excited to add Ci Medical’s extensive experience in the healthcare market, including product development, scientific molding, contract manufacturing, assembly, packaging and logistics.”

Technimark serves customers worldwide from its 11 manufacturing facilities across North America, Europe and Asia. Mr. Peavy noted the company has prepared for rapid growth in its healthcare business over the past 18 months by doubling the size of its facilities in Germany and China as well as building new state-of-the-art facilities in Mexico and Asheboro, N.C. Operations at Technimark Healthcare facilities meet applicable ANSI and ISO standards and FDA regulations for the manufacture of medical products, including insulin pumps, surgical tools and other specialized devices.

“Since the acquisition six months ago, we’ve built a dedicated healthcare team that’s already providing added value to our customers by combining the individual strengths of Technimark and Ci Medical,” said Mr. Peavy.

The reception from both current and prospective customers has been universally positive, Mr. Peavy said, noting that client retention has been 100 percent. “Over its many years in business, Ci Medical built an enviable track record of success,” he said. “When we first began to explore the possibility of joining forces to build on that success, both organizations recognized immediately what a remarkable fit this would be.

“Combining what Technimark brought to the table – access to capital, global resources and technological know-how – with Ci Medical’s expertise and client roster, we knew Technimark Healthcare would be a new Tier One health products and packaging company in the industry,” Mr. Peavy said. “Our customers see those opportunities, and they’re ready to grow with us.”

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Ci Medical was founded in Pennsylvania in 1971 as Classic Industries, Inc. As the company grew, it specialized in injection-molded components for medical, pharmaceutical and healthcare applications worldwide. Technimark is a world-class, custom injection molder for the world’s most admired companies and respected brands in the healthcare, consumer packaging and industrial markets. Established more than 40 years ago, Technimark is one of the top 10 molders in North America with nearly 3,300 employees. For more information, visit Technimark.com.

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Technimark acquires Ci Medical Technologies

A new approach to healthcare manufacturing. Thanks to a new combination of resources.

Technimark has always been known for using innovative thinking to come up with new and better ways to get the job done. What you might not know is that this approach extends well beyond the manufacturing floor.

Case in point? Technimark recently announced the purchase of Ci Medical Technologies, a top manufacturer of injection-molded components used in medical, pharmaceutical and consumer healthcare products.

With the addition of Ci Medical’s medical expertise and worldwide infrastructure to our existing resources, we’re creating a new division: Technimark Healthcare. It’s not just about getting bigger; it’s about sharpening our focus on the healthcare market, so we’re better able to serve customers around the world.

Operations at Ci Medical meet ANSI and ISO standards and FDA regulations for the products it manufactures, including insulin pumps, surgical tools and other specialized devices. All of which complements Technimark’s parallel development of a robust healthcare manufacturing infrastructure, including class 8 clean rooms and ISO 13485 certification.

By combining Technimark’s innovative technology-based offering, strong balance sheet and global scale with Ci’s medical market experience, infrastructure and deep capabilities, we’re uniquely positioned to meet a full range of needs today—and to provide many new technologies, solutions and manufacturing options in the future.

Download Press Release here: Technimark Acquires Ci Medical – Press Release – 12-08-15

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