NAM will invest in automation and AI-enabled manufacturing systems for production, quality, maintenance, and logistics processes.
The deal is estimated at around $151 million.
The move strengthens Technimark’s position in the medical and consumer healthcare markets.
Mayfair Plastics will maintain its manufacturing facility in Gaylord, Michigan, with all employees also retained in the acquisition.
The move will strengthen the company’s position in Mexico while also broadening its portfolio of elastomers, adhesives, and other performance additives.
Additionally, Stephen Findlay Jnr will join the company as its new Programme Manager – Business Integration.
Hazel 4D, Acopia’s transit packaging division and Kwikpac have agreed to combine their operations to form a new entity, Orkka.
Once the deal is completed, the former business unit will go by its previous name, Paragon Print and Packaging.
The move broadens the company’s reach into Canada.
Both companies are industrial operators that manufacture machinery and components for processing plants.
The move aligns with the company’s goal of becoming “the world’s most trusted partner for sustainable nonwoven solutions.”
