Bemis completes SteriPack Group acquisition
May 3, 2016 by Canadian Plastics
Flexible and rigid packaging supplier Bemis Company Inc. has completed the acquisition of the medical device packaging operations and related value-added services of SteriPack Group, a global manufacturer of sterile packaging solutions for medical device and pharmaceutical applications.
The acquisition, announced in mid-April, includes a facility in Ireland as well as packaging production assets in Malaysia and the U.S.
These operations recorded annual net sales of approximately US$65 million in fiscal 2015.
SteriPack Group will continue to independently own and operate its contract manufacturing services business.
The details of the transaction have not been disclosed.
Headquartered in Neenah, Wis., Bemis supplies flexible and rigid packaging used by leading food, consumer products, healthcare, and other companies worldwide. The company reported 2015 net sales of US$4.1 billion, and employs approximately 17,500 workers worldwide.