Ireland

Technimark Expands Ireland Facility to Meet Growing Demand in Medical Market

Global plastic injection molding leader doubling size of medical manufacturing facility in Longford, Ireland

LONGFORD, IRELAND, (December 2, 2022) – Technimark, a global manufacturing leader for the medicalmarket, announced today that it had expanded its operations in Longford, Ireland, with a 50,000-square-foot addition, doubling the size of its existing plant. Technimark will be investing €26 million to expand the facility’s capacity in medical manufacturing, including precision injection molding, value-added assembly, finished device assembly and contract manufacturing.

“A key component in our organic growth strategy is ensuring we have state-of-the-art cleanroom facilities and open capacity to support our customers’ current and future manufacturing needs,” said Kris Peavy, chief commercial officer and president of healthcare. “Our many expansions around the globe underpin that strategy.”

In addition to Ireland’s expansion, Technimark recently acquired a 204,000-square-foot medical facility adjacent to its U.S. headquarters and has major expansions underway at facilities in the United Kingdom, Germany and China to support growth in the medical market.

According to Peavy, the company currently serves customers worldwide from 13 manufacturing facilities across North America, Europe and Asia. “We’ve seen tremendous growth in our medical business globally, and our robust pipeline of new contracts from our strategic customers and prospects is driving the need for expansions,” Peavy said.

“Technimark is committed to growing our business in Ireland and we are extremely excited to have this new space available for our global medical customer base,”said Brad Wellington, chief executive officer. “Ireland is seeing pronounced growth in the MedTech market, and our facility is ideally located to serve our customers in the region.”

The new expansion will also include Technimark’s first European Innovation Center. The center will incorporate office space to house designers and engineers as well as a complete production lab to perform prototype manufacturing. 

About Technimark

Technimark is a global manufacturing solutions provider for the healthcare, consumer packaging and specialty industrial markets. Technimark specializes in precision injection molding, value-added assembly and contract manufacturing. Technimark provides clients with customized, end-to-end solutions based on technology and innovation that improve quality, reduce risk, lower costs and speed products to market. With facilities in the United States, Mexico, Germany, Ireland, the United Kingdom and China, Technimark delivers high-quality products worldwide. As part of Technimark’s commitment to sustainable and responsible business practices, the company has embedded the Ten Principles of the United Nations Global Compact into strategies and operations, and committed to respecting human and labor rights, safeguarding the environment, and working against corruption in all its forms. For more information, visit technimark.com.

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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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