Weil Gotshal Reps American Securities In Tekni-Plex Buy

Law360, New York (November 18, 2013, 5:16 PM EST) -- Private equity firm American Securities LLC said Monday it has agreed to acquire packaging maker Tekni-Plex Inc., which serves the health care and food industries, from funds associated with Oaktree Capital Management LP in a deal rumored to be worth up to $800 million.

Exact terms of the deal, which is expected to close by the end of the year, were not disclosed. However, earlier this year, California-based Oaktree said it was recruiting prospective bidders for its packaging unit Tekni-Plex, and reports at that time said...
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