Medical equipment packaging solutions company Tekni-Plex has purchased Dunn Industries, a manufacturer of specialty extrusion tubing for application in medical devices.
Founded in 1987, Dunn carries expertise in thermoplastic materials and focuses on producing standard as well as custom-engineered tubing solutions with tight tolerance and a small diameter ranging from 0.008-inches to 0.480-inches.
The tubing comes in different forms such as single and multi-lumen, coextruded, striped or braided.
These products are used in drug delivery devices. The single lumen catheters are designed for drainage and multi-lumen devices are meant to be used during coronary angioplasty procedures, among others.
The acquisition is expected to support Tekni-Plex’s Natvar business, which also produces microextrusion tubing, and bolster its manufacturing capabilities and product portfolio.
Tekni-Plex president and CEO Paul Young said: “Tekni-Plex already has a significant stake in the medical device market via its Colorite medical compounds and Natvar medical tubing business.
“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.”
The company says that the transaction will additionally boost its non-PVC materials, including polyurethane, PEEK, acetyl, nylon, EVA and TPE.
Dunn said in a statement: “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.”
Financial details of the acquisition have not been disclosed.
