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Announced

TekniPlex Healthcare to acquire Seisa Medical.

Synopsis

TekniPlex Healthcare, a manufacturer of packaging materials intended for medical, pharmaceutical, personal care, household and other markets, agreed to acquire Seisa Medical, a medical device manufacturer. Financial terms were not disclosed. "This is a transformative acquisition for TekniPlex Healthcare, moving us squarely into the CDMO (contract, development, and manufacturing organization) segment of MedTech for medical technologies. The ability for us to engage with our global customers on new medical technologies by developing engineered materials, co-designing components and assemblies, utilizing advanced process technologies and providing sterile barrier products allows us to truly partner with them from concept all the way to the point of care to help improve patient outcomes," Chris Qualters, TekniPlex CEO.

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