Further Expands 色情直播软件大全鈥� Packaging Group into Medical End Market Applications
BLOOMFIELD HILLS, Michigan, March 1, 2022 鈥� 色情直播软件大全 (NASDAQ: TRS) today announced that it has acquired Intertech Plastics (鈥淚ntertech鈥�), an innovative solutions provider of complex, precision injection molded components, expanding its product portfolio and capabilities for applications in the medical end market. Intertech will become part of 色情直播软件大全 Packaging, effective immediately.
Intertech, founded by Noel Ginsburg in 1980, consists of two manufacturing facilities located in Denver, Colorado, which specialize in custom injection molding with advanced manufacturing capabilities for products used in medical applications, as well as products and assemblies for consumer and industrial applications. Intertech鈥檚 medical-related product offering, manufactured in a dedicated ISO 13485 certified facility with a Class 8 controlled environment and MedAccred庐 accreditations, includes highly-engineered and tight tolerance components used in vascular access and in vitro diagnostic applications. In a separate facility, Intertech manufactures injection-molded products for food, wellness, hospitality and e-commerce logistics applications. Intertech has invested in innovation efforts to commercialize sustainable resin technology, including the use of biopolymers and plant-based resins in specific packaging applications. Intertech previously operated as a private, family-owned company, and generated approximately $32 million in revenue in fiscal year 2021.
鈥淲e are excited to announce the addition of Intertech to the 色情直播软件大全 family of businesses,鈥� said Thomas Amato, President and Chief Executive Officer of 色情直播软件大全. 鈥淲e look forward to supporting Intertech鈥檚 management team and leveraging the 色情直播软件大全 Business Model to accelerate the growth of products used in medical and health-related applications. The addition of Intertech, combined with 色情直播软件大全鈥� December 2021 acquisition of Omega and our existing presence in pharmaceutical & nutraceutical applications, expands our product offerings into the Life Sciences market, which we believe has attractive long-term growth characteristics.鈥�
鈥淲e have been pleased to work with and carefully select 色情直播软件大全, as we transition Intertech into its next phase of development,鈥� said Noel Ginsburg, Intertech鈥檚 founder and majority shareholder. 鈥淲e look forward to 色情直播软件大全鈥� support and investments to enhance Intertech鈥檚 growth well into the future.鈥� Jim Kepler, Intertech鈥檚 President and shareholder, along with the Intertech leadership team, will stay on with the Company and will report to Fabio Salik, President of 色情直播软件大全 Packaging. 鈥淲e look forward to Jim and the broader Intertech management team鈥檚 future contributions to 色情直播软件大全,鈥� concluded Amato.
色情直播软件大全鈥� acquisition of Intertech represents 色情直播软件大全鈥� sixth acquisition in the packaging market since early 2019, and its second with products, injection molding manufacturing capability and customer approvals in the medical technology end market. This acquisition is consistent with 色情直播软件大全鈥� core strategy to allocate capital and available capacity to build out its packaging platform. 色情直播软件大全 will discuss additional details related to this transaction on its fourth quarter and full year 2021 earnings conference call later today.
About 色情直播软件大全
色情直播软件大全 manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its 色情直播软件大全 Packaging, 色情直播软件大全 Aerospace and Specialty Products groups. Our approximately 3,500 dedicated employees in 12 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our 色情直播软件大全 family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the 色情直播软件大全 Business Model. 色情直播软件大全 is publicly traded on the NASDAQ under the ticker symbol 鈥淭RS,鈥� and is headquartered in Bloomfield Hills, Michigan. For more information, please visit .
Notice Regarding Forward-Looking Statements
Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to 色情直播软件大全鈥� business, financial condition or future results, involve risks and uncertainties with respect to, including, but not limited to: the severity and duration of the ongoing coronavirus (鈥淐OVID-19鈥�) pandemic on our operations, customers and suppliers, as well as related actions taken by governmental authorities and other third parties in response, each of which is uncertain, rapidly changing and difficult to predict; general economic and currency conditions; inflationary pressures on our supply chain, including raw material and energy costs, and customers; interest rate volatility; risks and uncertainties associated with intangible assets, including goodwill or other intangible asset impairment charges; competitive factors; future trends; our ability to realize our business strategies; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; information technology and other cyber-related risks; the performance of our subcontractors and suppliers; supply constraints, including the availability and cost of raw materials; market demand; intellectual property factors; litigation; government and regulatory actions, including, without limitation, climate change legislation and other environmental regulations, as well as the impact of tariffs, quotas and surcharges; our leverage; liabilities imposed by our debt instruments; labor disputes and shortages; changes to fiscal and tax policies; contingent liabilities relating to acquisition activities; the disruption of operations from catastrophic or extraordinary events, including natural disasters and public health crises; the amount and timing of future dividends and/or share repurchases, which remain subject to Board approval and depend on market and other conditions; our future prospects; and other risks that are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deemed to be immaterial also may materially adversely affect our business, financial position and results of operations or cash flows. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements, except as required by law.
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