Technimark, a global leader in the design and manufacturing of high-value injection-molded packaging and components serving the consumer packaging, healthcare and industrial markets, announced the opening of its new Donald F. Wellington Innovation Center at the company’s Asheboro, N.C. campus.
The state-of-the art facility is named for Technimark founder Donald F. Wellington who in 1983 started the company that has grown into one of the world’s largest independent injection molders. Technimark is a member of Pritzker Group, which owns and operates market-leading companies in the manufactured products, services and healthcare sectors.
The nearly 30,000 sq. ft. Innovation Center includes a complete production lab to perform prototype manufacturing of new products along with customer offices and meeting rooms, a board room and other workspaces.
“Devised and built to consolidate Technimark’s design and engineering staff from across the company, the Innovation Center embodies everything we’ve learned from 32 years of developing innovative solutions,” said Kevin Hedspeth, senior vice president of Global Technology & Development. “It will ultimately house 50-plus designers, process and automation engineers and materials development experts to serve our clients’ expanding needs.” Mr. Hedspeth noted that Technimark will continue to retain regional designers throughout its 11 locations worldwide.
In addition to a unique building design that encourages collaboration at every level, Mr. Hedspeth said the Innovation Center includes full video and web conferencing; an array of cameras in the manufacturing area so customers remotely can watch their product as it’s made; and 3D-printing capabilities for rapid development of prototype tools and parts.
“What really distinguishes the Innovation Center is that Technimark has combined our design and engineering capabilities with on-site prototype manufacturing,” said Mr. Hedspeth. “That means we can help our customers envision how they want their packaging to look and function and then follow that process through to completion in front of their eyes.”
According to Mr. Hedspeth, Technimark believes that true innovation requires the combination of cutting-edge technologies and industry-leading manufacturing expertise.
“The Innovation Center allows our customers to work directly with our designers and engineers and literally see the product created right then and there so they can quickly respond to a changing marketplace,” Mr. Hedspeth said.
In essence, Technimark is providing its customers with a “one-stop shop” that empowers them to move from concept to completion quickly and successfully enabling quick response in an ever changing marketplace”, he said.
According to Don Wellington, chairman and founder of Technimark, the company’s sterling reputation in the industry “was built not only on reliability and speed-to-market, but also on our use of technology and ingenuity. That has allowed Technimark to lower costs, increase value and deliver ground-breaking products and category-shaping packaging that take differentiation to a whole new level.”
“I’m honored and proud to say that this amazing Innovation Center is the next step in the evolution of our commitment to customers,” Mr. Wellington said.
Over the last year, Technimark acquired Ci Medical Technologies, a top-tier manufacturer of injection-molded components, assemblies and devices used in the medical, pharmaceutical and consumer healthcare markets. The company also established a new commercial division, Technimark Healthcare, which focuses exclusively on servicing health care and medical customers.
“The Donald F. Wellington Innovation Center will help us continue to expand our capabilities, enhance our culture of continuous innovation, and stay on top of our clients’ current and future needs,” said Technimark CEO and President Brad Wellington. “For the last 30-plus years, we’ve never lost sight that our success depends on our customers’ success,” he said. “In short, it’s what we’re all about.”
Technimark, a Pritzker Group Private Capital company, is a leading global provider of custom rigid plastic packaging and components. For more than 30 years, from its headquarters in Asheboro, N.C., and from facilities on three continents, Technimark has provided customers with customized, end-to-end solutions based on technology and innovation. Technimark delivers high-quality products on a global basis for consumer packaged goods, healthcare and specialty industrial customers. For more information, go to www.Technimark.com.
About Pritzker Group
Pritzker Group, led by Tony and J.B. Pritzker, has three principal investment teams: Private Capital, which acquires and operates leading North America-based companies; Venture Capital, which provides early-stage and growth venture funding to technology companies throughout the United States; and Asset Management, which partners with top-performing investment managers across global public markets.
Pritzker Group Private Capital acquires North America-based middle-market companies with leading positions in the manufactured products, services and healthcare sectors. The firm’s permanent, proprietary capital base allows for efficient decision making, broad flexibility with transaction structure and investment horizon, and alignment with management teams focused on creating long-term value. Pritzker Group brings significant resources, expertise and credibility in building businesses and is an ideal partner for entrepreneur- and family-owned companies. For more information, visit pritzkergroup.com.