ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today announced it has entered into a definitive agreement regarding the sale of its Technical Packaging business segment, consisting of Thermoform Engineered Quality LLC (TEQ), Plastique Ltd. and Plastique sp. z o.o. to Sonoco Plastics, Inc. and Sonoco Holdings, Inc., subsidiaries of Sonoco Products Company (NYSE: SON).
Sonoco (NYSE: SON), one of the most sustainable, diversified global packaging companies, today announced it has signed a definitive agreement to acquire Thermoform Engineered Quality, LLC, and Plastique Holdings, LTD, (together TEQ).
TEQ completed an ISO class 7 cleanroom at their Nottingham, UK facility.
Thermoform Engineered Quality recently hosted Huntley Chamber of Commerce members as part of the Chamber’s manufacturing spotlight series. More than 35 guests received a tour of the facility in Huntley and learned about the company’s mission.
TEQ, a high quality custom thermoformer, manufactures medical and retail packaging, along with thermoformed medical devices and instrument covers.
"Over the last few years TEQ (Thermoform Engineered Quality) has devised new solutions aimed at reducing sterile packaging costs as well as environmental impacts. Its newest option—TEQpropylene—builds upon such efforts."
TEQ Thermoform Engineered Quality is excited to announce the completion of a two-year accelerated aging data report which supports the recent development of their TEQethylene™ sterile barrier system (SBS) – a medical packaging solution that utilizes a new, proprietary blend of High Density Polyethylene (HDPE) in combination with adhesive coated Tyvek®, a breathable HDPE thermoplastic lidding material developed by DuPont™.
TEQ Thermoform Engineered Quality is excited to announce a new turnkey modular supply chain solution for manufacturers. This customized offering is designed to help medical manufacturers and others find creative ways to reduce their carbon footprint by improving efficiency and controlling costs.