IK Partners-backed Plastiflex completed the acquisition of TIK.

IK Partners-backed Plastiflex, a Belgium-based manufacturer of high-end tubing systems and custom components, completed the acquisition of TIK, a manufacturer of disposable medical devices, including coated urethral catheters. Financial terms were not disclosed. “We are thrilled to be joining forces with Plastiflex, leveraging our shared experience to continue sales growth in Europe and reinforce the Group’s position as an indispensable partner to distributors,” Petra Borovinšek, TIK Managing Director.