Nypro-Jabil deal part of growing consolidation in medical molding

By Bill Bregar
Senior Staff Reporter

Published: February 11, 2013 12:35 pm ET

CLINTON, MASS. -- Nypro Inc. President and CEO Ted Lapres said Nypro needs to get bigger -- through the sale to Jabil Circuit Inc. -- to keep up with consolidation in its global markets.

The plastics packaging industry has undergone consolidation for years, with a regular series of blockbuster roll-ups, often fueled by private equity money.

Nypro's largest market is health care, and consolidation also has come to the medical-disposables sector.

Jeff Mengel of Plante & Moran PLLC said medical disposables — products designed to be used once for tests or drug delivery — have similarities to packaging. The high-volume medical-disposables business is part of the consolidation trend, he said, "and glo­bal is a big component for it."

Here is a look at some major medical consolidation deals:

  • Phillips Plastics Corp. bought Medisize Corp. in mid-2011, bringing Wisconsin-based Phillips instant access to medical customers in Europe. Phillips is owned by Kohlberg & Co LLC., a private equity company founded by Jerome Kohlberg of Kohlberg Kravis Roberts & Co. fame.
  • Vention Medical, a former MedTech Group Inc. business, bought Atek Medical Group in late 2011. The year before, Vention merged with Advanced Polymers Inc., a maker of catheters.
  • Last year, MedPlast Inc. bought fellow contract manufacturer United Plastics Group Inc.


Comments

Nypro-Jabil deal part of growing consolidation in medical molding

By Bill Bregar
Senior Staff Reporter

Published: February 11, 2013 12:35 pm ET

Post Your Comments


Back to story

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events