Q has agreed to acquire Sparta, New Jersey-based TBL Performance Plastics, a maker of single-use bio-process components and systems including fittings, tubing, single-use assemblies and fabrication. No financial terms were disclosed. Q is backed by 3i.
SOLON, OH, October 2019 – Q announced today that it has entered into an agreement to acquire TBL Performance Plastics, Sparta, NJ, a leading manufacturer of single-use bio-process components and systems including fittings, tubing, single-use assemblies, and fabrication.
TBL represents a strategic acquisition for Q’s Biopharma Business, creating a flexible and multi-faceted biopharma component and single-use assembly manufacturer with North American and European production and distribution centers.
Together, Q and TBL will offer an in-depth suite of development and manufacturing services, material technologies, and industry expertise. The combined business will also offer complete product lifecycle management with cleanroom assembly and packaging services.
Thomas J. Hook, Chief Executive of Q, commented: “We are delighted to have reached this agreement to purchase TBL. The businesses are highly complementary and the acquisition represents a critical milestone in building Q’s Biopharma Business. It will significantly enhance the value we can deliver to our North American customer base.”
P. Robert DuPont Jr., CEO of TBL, added, “We are excited to be working with Q to build an industry-leading Single-Use Technology (“SUT”) business. Q’s operational excellence, synergistic capabilities, and silicone products are powerful resources. Combined with TBL’s portfolio of other non-metallic products and services for the biotech industry, our companies are strategically aligned as key players in the industry. The alignment will benefit our customers by providing them with a greater global network, product development, and manufacturing capabilities.”
Richard Relyea, Managing Director 3i North America, commented: “3i is pleased to support Q in this strategic acquisition of TBL. The combination further supports our commitment to expanding our offering in the biopharma market. We will continue to invest to further expand our capabilities, geographic footprint and differentiated products to better support our global customer base.”
Q provides world class engineered and elastomeric solutions for the global life sciences, automotive, and industrial markets. With Centers of Excellence in North America, Mexico, Europe, the Middle East, India and China, Q goes to market in the life sciences as Silicone Altimex and Q Medical Devices (Qure, Degania, Biometrix, Arthesys) and in electrical management as Quality Synthetic Rubber (QSR).
TBL Performance Plastics manufactures non-metallic single-use products tailored for biopharmaceutical manufacturers, CMOs, drug development companies and related OEMs. TBL offers industry-leading expertise in developing non-metallic fluid transfer and storage products with a heavy focus on quality, regulatory compliance, and meeting the application-specific needs of our clients.