Tekni-Plex is pleased to announce the acquisition of Ghiya Extrusions Private Ltd., a leading supplier of EPE foam closure liners in the domestic India and export markets.
Located in Ahmedabad, India, the acquisition expands Tekni's commitment to its existing business in India and to growing its closure liner business globally. Paul Young, CEO of Tekni-Plex commented that "Ghiya Extrusions provides a great platform for Tekni-Plex to offer our existing and new Indian customers localized production of Tekni's closure liner products for pharmaceutical, food and FMCG markets. It also enables Tekni to offer Ghiya products through its existing channels in India and Asia. We are particularly excited that Mr. Nakul Ghiya, the guiding force behind the business, will remain with the company and be a key player in growing Tekni's business in India and in the region."
