PE Firm Genstar Capital acquires TekniPlex

Private equity firm Genstar Capital said this week it acquired advanced product manufacturer TekniPlex for an undisclosed amount. Wayne, Pa.–based Tekni-Plex develops products including medical tubings and compounds, pharma barrier films, dispensing components, closure liners and food packaging, the company said. “We are excited to be partnering with a proven, energetic and action-oriented management team. 

Report: Genstar Capital shops Tecomet for $1B

Private equity player Genstar Capital is reportedly shopping Tecomet to potential buyers for more than $1 billion. Genstar tapped investment bank William Blair & Co. to auction Tecomet, according to Reuters, which cited “people familiar with the matter.” Genstar, Tecomet and William Blair declined to comment. Wilmington, Mass.-based Tecomet, founded in 1963, is a contract manufacturer