Nelipak Healthcare Packaging Acquired by Mason Wells
Mason Wells is reporting that it has acquired Sealed Air Corp.'s rigid medical packaging business and formed the stand-alone company, Nelipak Healthcare Packaging. Nelipak will remain an independent business and not be affiliated with any other converting operations within Mason Wells’ portfolio, it was reported in a press release.
With headquarters in Cranston, RI, Nelipak is ISO 13485 / ISO 9001 certified and designs, develops, and manufactures aseptic thermoformed packaging for the medical device and pharmaceutical industries. Nelipak's predecessor business was founded in 1953, and the company currently operates from four production facilities, one in North America – located in Cranton, RI.; two in Europe - located in Venray, the Netherlands and Galway, Ireland; and one in Latin America - located in San Jose, Costa Rica.
The employees and suppliers of Nelipak will continue to play a role in the company’s operations, it was reported.
“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, stated in the release. “With its global locations, world class design team, modern cleanroom manufacturing, strong sales organization and experienced management team, Nelipak is well positioned to take advantage of growth opportunities in the market."
Mason Wells is a U.S.-based private equity firm that manages more than $800 million of capital through Mason Wells Buyout Funds. Since its founding, Mason Wells has closed more than 80 transactions through the Mason Wells Buyout 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, visit www.masonwells.com.