US-based healthcare and consumer technology firm Tekni-Plex has purchased the assets and licensed technologies of packaging company Fibro.
Based in Tacoma, Washington, Fibro specialises in building and producing moulded-fibre packaging using its advanced pulp technologies.
Following the acquisition, the company has been integrated into Tekni-Plex’s Dolco Packaging business as of 18 January.
The addition will make Dolco the only US supplier of egg cartons made from foam polystyrene, polyethylene terephthalate (PET) and pulp-based materials.
The business will also be able to expand its product offerings by adding a broader range of sustainable, pulp-based packaging solutions to its existing egg cartons and meat trays.
Tekni-Plex senior vice-president and Dolco Packaging general manager Jay Arnold said: “The Fibro transaction aligns well with Tekni-Plex’s existing Dolco
Packaging business and will enable us to create a range of best-in-class sustainable solutions while delivering added customer value.