Deal combines US packaging thermoformers

By Gayle S. Putrich
Staff Reporter

Published: July 28, 2014 12:42 pm ET
Updated: July 28, 2014 2:28 pm ET

Image By: Nelipak Corp. Flexpak Corp. is based in Phoenix and will operate under the name Nelipak Healthcare Packaging.

Related to this story

Topics Mergers & Acquisitions, United States, Medical/Pharmaceutical, Packaging, Thermoforming

Thermoformed medical packager Nelipak Corp. is expanding its North American holdings and access to the U.S. health care market with the purchase of Phoenix-based custom packager Flexpak Corp.

Cranston, R.I.-based Nelipak announced July 28 that it had closed on the acquisition of Flexpak for an undisclosed amount. The business will be owned by Nelipak and operate under the name Nelipak Healthcare Packaging.

“We are thrilled to expand our global manufacturing footprint and gain greater access to the U.S. and Mexican markets with the acquisition of Flexpak,” said Mike Kelly, president and CEO of Nelipak. “This acquisition enables us to better support our customers, and the Flexpak team and facility complement our current capabilities.”

Founded in 1953 in the southern Netherlands, Nelipak has more than 500 employees worldwide and plants in Cranston, the Netherlands, Ireland, and Costa Rica. From 2005 until late last year the company was a division of Elmwood Park, N.J.-based Sealed Air Corp.'s medical applications business; it was spun off and purchased by private equity firm Mason Wells of Milwaukee purchased in December 2013.

Sealed Air had purchased the business in 2006, and then it added to its medical packaging business a year later when it bought Alga Plastics Co. of Cranston, R.I. Alga began as a family business in 1961.

Flexpak, founded in 1974, is a manufacturer of custom thermoformed trays, clamshells, and blisters with an emphasis on medical markets and some lines designed for the consumer and food markets. In February the company announced new equipment purchases and plans to expand operations in Mexico, where about 40 percent of Flexpak's business was already generated. The merger is expected to continue that growth track.

“This is an incredible growth opportunity for Flexpak's employees and its customers,” said Steven Murray, president and CEO of Flexpak, in a news release. “With access to Nelipak's global capabilities, we look forward expanding the Southwest U.S. and Northern Mexican markets and exploring new ways to enhance our value to customers.”

Flexpak is No. 81 in Plastics News' ranking of North American thermoformers, with sales of $11 million.  Nelipak ranked No. 42 in the listing, with estimated North American sales of $30 million.


Comments

Deal combines US packaging thermoformers

By Gayle S. Putrich
Staff Reporter

Published: July 28, 2014 12:42 pm ET
Updated: July 28, 2014 2:28 pm ET

Post Your Comments


Back to story


More stories

Image

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Alex Brands buys iconic Shrinky Dinks toys

December 19, 2014 3:15 pm ET

First Slinky, now Shrinky Dinks. What will toy and games investment firm Alex Brands buy next?    More

Image

Judge limits scope of jury verdict against JM Eagle

December 19, 2014 2:30 pm ET

A federal judge in Los Angeles said Dec. 18 that last year's jury verdict issued against J-M Manufacturing Co. — now JM Eagle — for...    More

Image

Jarden hiring for new plastics plant

December 19, 2014 1:45 pm ET

Consumer products conglomerate Jarden Corp. is hiring plastics technicians for a new operation in Erlanger, Ky.    More

Image

Antimicrobial polymers firm TiFiber launching pilot production in Ark.

December 19, 2014 10:58 am ET

TiFiber Inc., which makes synthetic compounds to control dangerous microorganisms, will locate a pilot production facility and its future company head...    More

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 in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

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