TekniPlex Consumer Products acquires Ematec
Mexico-based manufacturer is the newest move from TekniPlex to continue its expansion in molded fiber.
Moulded fibre is a renewable bio-based material derived from 100% natural, typically-recycled paper and cardboard fibers, making it highly attractive to brands seeking to expand their bio-based packaging offerings. Ematec also offers a line of post-consumer recycled PET plastic containers such as egg cartons, clamshells, and others.
Following the acquisitions of Keyes and Fibro, acquiring Ematec adds to TekniPlex’s substantial fiber-based solutions portfolio, and leverages its materials science insights and customer relationships. Overall, TekniPlex Consumer Products is becoming increasingly materials diverse, providing fresh foods companies with a broad range of packing and packaging solutions to help stand out in the perimeter of supermarkets.
“Ematec bolsters our commitment to leadership in the fresh foods and foodservice categories, reinforcing our strategy to focus on helping our customers win in the perimeter of the store,” said Eldon Schaffer, CEO of TekniPlex Consumer Products. “Ematec has a solid reputation for developing and commercializing packaging solutions for the segments it serves, and we’re proud to create a powerful fiber solution leveraging the combined strengths of Keyes, Fibro, Ematec, and TekniPlex.”
Ematec’s six facilities and 530 employees in Mexico strengthen TekniPlex’s footprint in the Americas, adding to its existing locations in Mexico, North America, and Colombia, and providing additional manufacturing capacity and diversification capabilities to better serve its customer’s needs.
The acquisition is the latest in a series of strategic moves by TekniPlex in the consumer goods space, especially in fresh food and foodservice solutions. It aims to boost the company’s growth based on its “Sustainability And” approach, combining sustainability-minded materials science solutions with its customers’ business needs such as product performance, supply assurance, competitiveness, and more. Ematec has been in business for over half a century, and has deep roots in the Americas.