TekniPlex Acquires Indian Closure Liner Company Ghiya Extrusions

Wayne, PA, February 16, 2015 – TekniPlex 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 TekniPlex 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.”

About TekniPlex, Inc.

TekniPlex, Inc. is a global manufacturer of technically-sophisticated products and components engineered to meet critical customer needs in niche applications. The Company operates in three segments: Healthcare, Specialty Packaging and Food Packaging. TekniPlex’s primary products include closure liners, medical tubing, high-barrier pharmaceutical films, medical compounds, dispensing components and thermoformed containers. The Company is headquartered in Wayne, PA and operates 26 manufacturing facilities across nine countries worldwide to meet the needs of its global customers. For more information on the capabilities of TekniPlex, visit www.tekni-plex.com or call the Company at (484) 690-1520.

Contact:
Glenn Fish
Executive Vice President &
Chief Financial Officer