Bemis To Acquire Packaging Ops of SteriPackBy
Bemis Company, Inc., a supplier of flexible and rigid packaging based in Neenah, Wisconsin, has agreed to acquire the medical device packaging operations and related value-added services of SteriPack Group, manufacturer of sterile packaging solutions for medical device and pharmaceutical applications.
The acquisition includes a facility in Ireland as well as packaging production assets in Malaysia and the United States. These operations recorded annual net sales of approximately $65 million in fiscal 2015. SteriPack Group will continue to independently own and operate its contract manufacturing services business. Details of the transaction were not disclosed. The transaction is expected to close, effective April 29, 2016.
Source: Bemis Company