Acquisition adds to Inteplast's stake in medical disposables

By Michael Lauzon
Correspondent

Published: June 13, 2014 12:17 pm ET
Updated: June 13, 2014 12:22 pm ET

Image By: Inteplast

Related to this story

Topics Mergers & Acquisitions, Medical, Injection Molding

Film and sheet major Inteplast Group Ltd. has expanded its stake in the medical market by acquiring a firm that injection molds and thermoforms medical disposables.

Inteplast affiliate Medira Inc. completed the acquisition of Medegen Medical Products LLC on June 2, according to a news release issued by Medegen’s former owner, Medical Action Industries Inc. of Brentwood, N.Y. Medira paid about $78.6 million for Medegen based in Gallaway, Tenn., and unspecified assets of Medical Action’s Patient Care business unit.

Medegen’s range of molded and formed plastic items includes patient utensils, carafes, nursing care kits, surgical kit components, wash basins, bedpans and disposable laboratory products such as petri dishes.

Medical Action announced an agreement for the sale in March. At that time Inteplast spokeswoman Brenda Wilson stated in a news release: “We value the technical expertise and market leadership of Medical Action. Their Patient Care business will greatly enhance Inteplast’s existing portfolio of medical and hospital supplies.”

Inteplast officials were not immediately available to comment on how Medegen fits its business.

Inteplast was third largest film and sheet extruder in North America in Plastics News’ 2013 survey of film and sheet companies. It logged an estimated $1.86 billion in film and sheet sales in 2012. The company is organised in three major divisions: AmTopp, a film extruder and producer of plastic concentrates; Integrated Bagging Systems, which makes a wide array of bags, gloves and cleaning supplies; and World-Pak, a diverse business making plastic board, corrugated sheet, foamed PVC sheet, laminated film and bags and Tuf Board synthetic wood.


Comments

Acquisition adds to Inteplast's stake in medical disposables

By Michael Lauzon
Correspondent

Published: June 13, 2014 12:17 pm ET
Updated: June 13, 2014 12:22 pm ET

Post Your Comments


Back to story


More stories

Image

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

Foster building medical polymers plant

September 19, 2014 1:39 pm ET

Foster Delivery Science is investing $8 million in a new plant in Putnam, Conn., for production of medical polymer blends, as well as rods, film or...    More

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Market Reports

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

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

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events