Latrobe, Pa. (Sept. 6, 2018) — Prompted by rapid growth of its healthcare business, Technimark broke ground on an 80,000-square-foot addition to its Latrobe, Pa. healthcare manufacturing facility, nearly doubling the size of its existing plant there. The company announced a similar expansion at its El Paso, TX facility.
Technimark is a global manufacturer of custom rigid plastic solutions for the consumer packaging, healthcare and industrial markets, and is owned by PPC Partners along with management.
At a recent groundbreaking ceremony at the Pennsylvania plant, Technimark officials said the expansions are needed to meet increasing demand for the services of its healthcare division.
“A key element in our business strategy is a commitment to ensure we have state-of-the-art facilities and services that allow us to serve our customers’ current and future manufacturing needs,” said Brad Wellington president and CEO. “Our expansions in Latrobe and El Paso are examples of that commitment. Over the past few years, we have built or expanded a number of ISO-certified cleanrooms in Pennsylvania, Texas, Mexico, the United Kingdom, and China.”
Technimark acquired Latrobe-based Ci Medical Technologies, a top manufacturer of injection-molded components used in medical, pharmaceutical and consumer healthcare products, in 2015. The company’s healthcare division currently produces a variety of specialty medical components and finished medical devices for various key healthcare markets, including surgical, diagnostics, life science, pharmaceutical and consumer healthcare, among others.
According to John Rugari, vice president of sales for Technimark Healthcare, the company currently serves customers worldwide from 14 manufacturing facilities across North America, Europe and Asia. “Our value proposition is resonating strongly in the healthcare market and, as a result, our pipeline of new contracts from our strategic customers and new customers is exceptionally strong. That robust pipeline is driving our growth and need for expansions around the world,” Mr. Rugari said. He noted Technimark Healthcare facilities meet all applicable ANSI and ISO 9001 and ISO 13485 standards, as well as all relevant FDA regulations for the manufacture of medical products.
Technimark is a world-class, custom injection molder for the world’s most admired companies and respected brands in the healthcare, consumer packaging and industrial markets. Established more than 35 years ago, Technimark is one of the top 20 molders in North America with nearly 3,500 employees. For more information, visit Technimark.com
About PPC Partners
PPC Partners acquires and operates North America-based middle-market companies with leading positions in the manufactured products, services and health care sectors. Led by Tony Pritzker and the former investment and operating professionals of Pritzker Group Private Capital, the firm’s differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. PPC Partners builds businesses for the long term and is an ideal partner for entrepreneur- and family-owned companies. For more information, visit PPCPartners.com.