Bemis Company, supplier of flexible and rigid packaging, announced it will acquire 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 transaction is expected to be closed as of April 29.
Bemis, based in Neenah, WI, supplies packaging to leading food, consumer products, healthcare, and other companies worldwide, and had 2015 net sales of $4.1 billion. The acquisition supports Bemis’ strategy to grow its healthcare packaging business.
SteriPack provides cleanroom sterile packaging solutions and contract manufacturing services for many of the world’s medical device, pharmaceutical, and allied healthcare industries. As part of the transaction, Bemis will acquire SteriPack's Irish facility, as well as packaging production assets in Malaysia and the United States worth $65 million in fiscal 2015 revenues. Co-pack services include manual pouching; form/fill/seal packaging for soft and riding blister packs; labeling and printing; and secondary and tertiary packaging.
XMS Capital Partners, LLC is acting as financial advisor and Squire Patton Boggs LLP is acting as legal advisor to Bemis Company. Mason Hayes Curran is acting as legal advisor and Russell Brennan Keane and Deloitte are acting as tax advisors to SteriPack Group.