Nelipak, a thermoformed medical packaging specialist has been acquired by private equity firm, Kohlberg & Company. The business will continue to operate under the name of Nelipak Healthcare Packaging.
Kohlberg & Company’s headquarters are in Mount Kisco, New York, whereas Nelipak is based in Cranston, Rhode Island.
Nelipak is a global manufacturer of custom-designed rigid healthcare packaging used for class II and class III medical devices, and pharma drug delivery products. The company operates strategically located cleanroom facilities which aim to meet customers’ stringent packaging requirements.
Nelipak offer many services such as in-house design, development, prototyping, manufacturing, medical trays and blisters, surgical procedure trays, pharmaceutical handling trays and custom built sealing machines. The organisation has over 800 members of staff, and the company operates from seven production facilities, with five of these in America and two in Europe.
Mike Kelly, president and CEO of Nelipak said: “We have accomplished a lot at Nelipak during the past six years, and we are very grateful for the support given to us by Mason Wells. Our future is very bright with Kohlberg.
“Kohlberg is committed to investing in Nelipak to make us an even stronger organisation with additional capabilities to offer our customers around the world. With our global locations, world class design team, modern cleanroom manufacturing, strong sales organisation and experienced management team, Nelipak is well positioned to take advantage of growth opportunities in the market.”
Seth H. Hollander, partner of Kohlberg commented: “Nelipak has successfully transformed itself into a leading global player in healthcare packaging and an ideal platform for further industry consolidation.
“Our plans include leveraging Mike and his team, and their customer relationships, with sizeable, global acquisitions.”
Roger Prevot, operating partner of Kohlberg added: “A business with Nelipak’s global market position represents a unique investment opportunity. We look forward to supporting Mike and his team as they continue to execute their plan for organic and M&A-driven growth, while continuing to provide their customers with best-in-class service.”
