Nelipak new name for healthcare packaging business

By Michael Lauzon
Correspondent

Published: December 9, 2013 4:37 pm ET
Updated: December 9, 2013 4:40 pm ET

Related to this story

Topics Packaging, Medical

Private equity firm Mason Wells has renamed its acquired rigid medical packaging producer Nelipak Corp.

Mason Wells of Milwaukee completed the previously announced purchase from Sealed Air Corp. on Dec. 9. The business will operate under the name Nelipak Healthcare Packaging. It is owned by Mason Wells, management and co-investors.

Sealed Air said Nov. 13 that it was exiting the rigid medical packaging market to focus on core businesses of flexible packaging for food, protective applications, high-heat uses, cleaning and hygiene supplies and other specialty markets. Sealed Air will continue to supply flexible films to the medical industry.

Nelipak operates plants in Cranston, R.I.; Venray, Netherlands; Galway, Ireland, and San Jose, Costa Rica. It thermoforms trays and blister packs from PET sheet and contains clean room manufacturing. Although Mason Wells includes other packaging companies in its portfolio, Nelipak will be an independent business not affiliated with any other Mason Wells business.

“We believe the company provides an excellent platform for growth and is well-positioned to capitalize on a number of market and new product opportunities driven by global demographic trends,” stated Mason Wells director Jay Radtke in a news release.

“Mason Wells shares our vision of becoming the global leader of thermoformed products and services focused exclusively on the healthcare industry, and they are prepared to immediately invest in new and upgraded capacity for the business,” added Nelipak President and CEO Clas Nistoft.


Comments

Nelipak new name for healthcare packaging business

By Michael Lauzon
Correspondent

Published: December 9, 2013 4:37 pm ET
Updated: December 9, 2013 4:40 pm ET

Post Your Comments


Back to story


More stories

Image

Deal puts Convergence Packaging under Comar's umbrella

October 24, 2014 2:00 pm ET

Convergence Packaging Holdings LLC, itself a product of mergers, now is joining together with Comar LLC.    More

Image

Gerresheimer opens first development center in China

October 24, 2014 1:34 pm ET

Medical molder Gerresheimer AG has launched a development center for medical plastic systems in Dongguan, China.    More

Image

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    More

Image

Bemis reports record quarterly profit

October 23, 2014 1:06 pm ET

Bemis Company Inc. saw record per-share earnings from continuing operations during the third quarter, but charges associated with the divestiture of...    More

Image

Packaging specialist Amcor hits sustainability goals ahead of schedule

October 23, 2014 11:15 am ET

Global packaging company Amcor Ltd. has achieved its waste reduction goals two years ahead of schedule, according to the company's new sustainability ...    More

Market Reports

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 million dollar 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

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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

More Events