Erembodegem, Belgium -- Tekni┬l(wèi)ex Europe NV is announcing that its plan to acquire Gallazzi’s Italian?ased pharmaceutical blister film (Tradate, Varese, Lombardia) and adhesive tape substrate film (Gallarate, Varese, Lombardia) businesses has been approved by the Italian authorities supervising the sale.
The acquisition is expected to close in the second quarter of 2015. Gallazzi’s Minerbio, Italy and Saint?Maur╀es┢osses, France locations are not part of the sale.
Gallazzi’s Tradate site manufactures high?uality polyvinyl chloride (PVC) film and polyvinylidene chloride?(PVDC) coated barrier films for pharmaceutical blister applications in an ISO8 Cleanroom. The Tradate facility also produces PVC films for food packaging and technical PVC films and sheets. Gallazzi’s Gallarate location produces thin PVC films used for adhesive?ape substrates.
“Gallazzi’s manufacturing capabilities and product offerings are an excellent complement to our global Tekni┢ilms business,” said Paul Young, Chief Executive Officer of Tekni┬l(wèi)ex. “The acquisition will add mono┬VC calendaring capabilities to our blister portfolio in Europe, as well as state╋f?he┽rt PVDC coating which will strengthen our barrier blister technology base. These new capabilities will provide our customers with high?uality, innovative films and sheets to support their business needs.”
About Gallazzi
Established in 1973, Gallazzi is known for the production of high quality PVC films and PVDC┿oated barrier films for a wide variety of applications including pharmaceuticals, food packaging and other products. In 1996, Gallazzi merged with Flexafilms, a producer of thin gauge PVC film fo
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