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.


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

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events