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

Simple lightweighting in packaging, caps not so simple anymore

October 22, 2014 4:16 pm ET

The days of finding simple ways to remove additional weight — and costs — from plastic bottles are over, according to one expert.    More

Image

Bergen International adds manufacturing space, extrusion line

October 22, 2014 3:42 pm ET

Chemical foaming agent manufacturer Bergen International LLC recently doubled its manufacturing capacity, added an extrusion line and laboratory...    More

Image

Ford's final ACH plant, injection molder of HVAC systems, to close

October 22, 2014 1:58 pm ET

Ford Motor Co. will shed the last line of business in 9-year-old Automotive Component Holdings LLC by December when ACH closes its Plymouth, Mich.,...    More

Image

Unilever uses foaming in new bottle

October 22, 2014 1:35 pm ET

Foaming is a good alternative to thin-walling for reducing plastic use in consumer goods packaging, according to a Unilever plastics expert.    More

Image

Kraft Foods looks to inspire with HQ

October 22, 2014 12:15 pm ET

Bright and open, Kraft Foods' new headquarters in Northfield, Ill., looks more like a high-tech startup than a company that makes Kraft Macaroni & Che...    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