The purchase by the global company focused on developing and manufacturing packaging materials, medical compounds and medical tubing allows it to expand its portfolio
Medical manufacturer company Tekni-Plex has acquired Dunn Industries, a manufacturer of specialty extrusion tubing for medical device applications.
Manchester, New Hampshire, US-based Dunn produces small diameter medical device tubing. Specialising in a wide range of thermoplastic materials, the company offers both standard and custom-engineered tubing solutions.
According to Tekni-Plex, Dunn's product line offers a complementary addition to the microextrusion tubing manufactured by Tekni-Plex’s Natvar business unit. Going forward, it will be known as Dunn Industries, a Tekni-Plex business, with Dunn’s former President Duane Dunn as its General Manager.
Paul J. Young, President and CEO at Tekni-Plex, said: “Tekni-Plex already has a significant stake in the medical device market via its Colorite medical compounds and Natvar medical tubing business. We are now looking to grow the number of solutions we provide by expanding our product offering and manufacturing capabilities."
He continued: "With speed-to-market a critical concern in this market sector, as well as the desire for additional support from suppliers, this acquisition will help make Tekni-Plex an even stronger partner to medical device companies around the world."
Dunn manufactures medical tubing for a wide variety of applications. Products include single and multi-lumen, coextruded, striped or braided. Applications range from simple, single lumen catheters used for drainage, to complex, multi lumen applications for coronary angioplasty and drug delivery devices.
Duane Dunn said: "Because of Tekni-Plex’s existing global manufacturing footprint, including its new production capability in China, Dunn’s technology will now reach new geographic regions. This will help medical device companies find faster solutions and bring their products to market via reduced timelines.
The Dunn Industries purchase is the seventh acquisition Tekni-Plex has made in the past four years.