According to Ed Thompson, vice president and renowned analyst at Gartner, defining moments are “points in time when the essential nature of a person, group, organization or industry emerges.” They are rare, meaningful moments that have significant consequences. If you are lucky, you have experienced a defining moment or two, from a life-changing personal event such as the birth of your first child to a moment in your career that alters the path of your business life to a major change at your company. At TEQ, we have not only experienced some defining moments but two of our most important moments actually happened over the past two years.
In November of 2015, we took the pivotal step of acquiring Fremont Plastics, a mid-sized custom-thermoforming company that produces medical trays, medical packaging and medical light handle covers. This allowed us to add to the medical thermoform products we already manufacture, such as the disposable probe covers for world-leading Braun infrared ear thermometer and paved the pathway for becoming a top tier medical device manufacturer.
Just a few months later, in February of 2016, we acquired the thermoform plastic and pulp packaging firm Plastique with manufacturing units in Nottingham, England and Poznan, Poland. Plastique produces packaging for customers in the personal care, household products, pharmaceutical, food and retail markets. This addition was critical in allowing us to offer a wider range of sustainable packaging to our customers as well as to support global and European-based medical device and pharmaceutical companies at levels never-before possible. For example, we now have the ability to seamlessly incorporate our proprietary sterile barrier materials/systems such as TEQethylene™ and TEQconnex™ into medical packaging solutions for companies with a global presence. These capabilities will be further enhanced by a state-of-the-art new cleanroom facility registered to ISO 13485 that we began building in Plastique’s Nottingham manufacturing facility which is scheduled to be completed in quarter two of 2017.
We are excited to see the results of these defining moments coming to fruition in 2017 and beyond.
What about you? When did your company experience a defining moment?