Mason Wells Acquires Rigid Medical Packaging Business From Sealed Air Corporation
Milwaukee WI, December 6 2013
Firm Plans to Grow Company Under New Name, Nelipak® Healthcare Packaging
Mason Wells announced today that it has closed on the acquisition of the rigid medical packaging business from Sealed Air Corporation. The business will be owned by Nelipak® Corporation (“Nelipak”) and operate under the name of Nelipak® Healthcare Packaging. Nelipak is a newly formed company owned by Mason Wells, management, and other co-investors.
With facilities in Cranston, RI; Venray, the Netherlands; Galway, Ireland; and San Jose, Costa Rica, Nelipak is a leading provider of high-quality thermoformed plastic products and services for the global healthcare industry. The company provides custom thermoformed trays and blisters manufactured in state-of-the-art cleanrooms as well as other value-added services to leading Class II and III medical device and pharmaceutical manufacturers worldwide.
The employees and suppliers of Nelipak have played an integral role in the company’s success and will continue to do so in the future. Nelipak will remain an independent business and will not be affiliated with any other converting operations within Mason Wells’ portfolio.
“Mason Wells is pleased to partner with Nelipak’s management team to support the company’s growth initiatives,” said Jay Radtke, Director of Mason Wells. “The Nelipak brand has been synonymous with high-quality medical and pharmaceutical thermoformed packaging for over 60 years. The company’s global locations, world-class design and tooling capabilities, modern cleanroom manufacturing, strong sales organization, and experienced management team are all factors that have allowed the company to consistently meet the expectations of its customers. 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.”
Since the mid-1980s, Mason Wells has invested in numerous companies in the packaging materials and converting sector including the healthcare packaging industry.
“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,” said Clas Nilstoft, President and CEO of Nelipak. “They have a great track record of enhancing their portfolio companies, and with their strong financial backing and network of resources, we look forward to continuing to serve Nelipak’s customers with innovative, high-quality products and services.”
Mason Wells is a leading Midwest US-based private equity firm that manages over $800 million of capital through Mason Wells Buyout Funds. Since its founding, Mason Wells has closed more than 80 transactions through the Mason Wells Funds and its predecessor funds. Mason Wells focuses its investments in the Consumer Packaged Goods, Engineered Products & Services, Outsourced Business Services, and Packaging Materials & Converting industries. For more information relating to Mason Wells, please visit www.masonwells.com.