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

PSB Industries acquires plastic closures specialist

July 31, 2014 3:47 pm ET

French packaging manufacturer PSB Industries has signed an agreement to acquire C+N Packaging Inc., which specializes in plastic closures for...    More

Image

Tessy investing $10 million in new plant, infrastructure

July 30, 2014 4:57 pm ET

Tessy Plastics Corp. continues to buy factory buildings in upstate New York — acquiring a 112,000-square-foot former Honeywell building in...    More

Image

Sainsbury, Schoeller Allibert to recycle food handling crates

July 30, 2014 1:37 pm ET

British retail group Sainsbury's has contracted Dutch recycler Schoeller Allibert BV to reprocess all of its old food crates back into food-grade...    More

Image

Reynolds considering sale of Closure Systems International unit

July 29, 2014 10:32 am ET

Packaging giant Reynolds Group Holdings Ltd. has put its closures business under review.    More

Image

Acquisition expands Rieke Packaging's stake in Asia

July 28, 2014 4:39 pm ET

Diversified rigid packaging components producer Rieke Packaging Systems now has a bigger footprint in Asia.    More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

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