Kohlberg recently announced that it has completed the acquisition of Bemis European Medical Packaging from Amcor's flexible packaging business unit. It will merge with Nelipak. Nelipak is a global supplier of customized packaging for the medical device and pharmaceutical industries acquired by Kohlberg in July 2019. Bemis Medical Packaging operates plants in Clara, Ireland, Derry, Northern Ireland, and Elsham, UK.
Kohlberg reportedly paid $ 394 million for the three plants, which have annual sales of about $ 170 million and provide flexible packaging for healthcare OEMs.
In order to acquire Bemis for $ 6.8 billion earlier this year, Amco agreed to divest these medical flexible packaging assets. On May 30, 2019, the U.S. Department of Justice wrote that without a divestiture, the proposed acquisition would eliminate only three important suppliers of three medical packaging products that are critical to the safe transportation and use of medical devices. Competition between the two. The acquisition of Bemis was completed in June 2019.
Nelipak is a leading global manufacturer of custom medical rigid packaging for Class II and III medical devices and drug delivery products. The company has factories in the United States, Europe, and Costa Rica, strategically located in clean room facilities, and provides in-house design, development, prototyping and manufacturing of medical trays and blisters, as well as custom-made sealers and other value-added services.
Nelipak President and CEO Mike Kelly said in a prepared statement: "We are excited about Bemis's joining. We will leverage the unique capabilities of the two companies to deliver innovative designs, world-class quality and excellence. Services to please our customers. This will greatly enhance Nelipak's capabilities and add flexible packaging alternatives to our global customers. "
Kohlberg's partner Seth H. Hollander commented, "The acquisition of Bemis offers a unique opportunity to create global scale and diversification across complementary product ranges."
Kohlberg's operating partner Roger Prevot added: "This merger presents attractive revenue growth opportunities for cross-selling and geographic expansion. Mike and his team will better serve the company's customers as their packaging needs Full partner. "