Essel Propack: Purchase of major stakes in foreign firms

India’s laminated tube producer Essel Propack Ltd. is expanding its U.S. presence with the acquistion of a majority stake in Tacpro Inc., a Campbell, California., tubing extruder and producer of medical devices.
Essel of Mumbai also is buying most of the shares of Avalon Medical Services Pte. Ltd., of Singapore. Tacpro and Avalon share common ownership. Tacpro in Campbell focuses on design, engineering services and rapid protoyping. Its high-volume manufacturing base is sister company Avalon in Singapore. Tacpro does custom extrusion in a range of thermoplastics, including polyolefins, nylons, polyurethanes, thermoplastic elastomers and polycarbonate. The firm can do simple and complex extrusions, including wire coating and profile production. Tacpro also produces medical balloons and catheters from nylons, PET and other materials. It braids metal wires for guides and other medical uses.
Essel claims to be the world’s largest producer of laminated tubes, with 21 manufacturing locations in 13 countries.

Leave a Reply

You must be logged in to post a comment.