Sector News

Tekni-Plex acquires packaging producer Commodore Plastics

May 4, 2018
Consumer Packaged Goods

Tekni-Plex has acquired both packaging manufacturer Commodore Plastics and Commodore Technology, which will now operate under Tekni-Plex’s subsidiary Dolco.

Commodore Plastics is known for its range of traditional and custom polystyrene foam trays, padded food trays, as well as supermarket and industrial trays.

Meanwhile Commodore Technology manufactures polystyrene foam extrusion systems, dies, thermoformers, trim systems and other moulds and equipment to support its sister company’s production requirements. Both businesses are based in Bloomfield, New York.

Tekni-Plex described Dolco as “the largest producer of foam egg carton trays in the US”. It also produces polystyrene trays for food processing, making the acquisition complementary to Dolco’s existing portfolio.

Paul J. Young, CEO of Tekni-Plex, said: “Tekni-Plex already has significant tray manufacturing capability via its Dolco business unit. The acquisition will allow us to benefit from Commodore’s extruder and thermoforming equipment technology, as well as increase our manufacturing footprint. That puts us in a position to provide even more solutions to our customers.”

The Commodore purchase is the eighth acquisition Tekni-Plex has made in the past four years. Last year it bought Florida-based BrunaSeals, which makes induction seals and foam closure liners for beverage products, among other applications.

Source: FoodBev

comments closed

Related News

February 17, 2024

Chocolate prices likely to remain at a record high for 2024

Consumer Packaged Goods

A report from ingredients supplier Henley Bridge has warned that cocoa price increases of 15-20% for the first half of 2024 might continue into the second half of the year. Despite growth in global cocoa supply in 2021, unfavourable weather conditions and demand from emerging markets have led to supply deficits.

February 17, 2024

DSM-Firmenich to separate Animal Nutrition & Health business

Consumer Packaged Goods

By carving out the ANH business, DSM-Firmenich would focus fully on its Perfumery & Beauty; Taste, Texture & Health; and Health, Nutrition & Care divisions. Full focus on these businesses is expected to enhance commercial potential and synergies, supporting “consistent growth outlook alongside robust margins”.

February 17, 2024

Cargill expands partnership with foodtech company Enough

Consumer Packaged Goods

Cargill and Enough are expanding their partnership to further develop nutritious and sustainable alternative meat and dairy solutions. Cargill has signed a commercial agreement to use and market Enough’s Abunda protein and has also invested in the company’s Series C growth funding round.

How can we help you?

We're easy to reach