CRANSTON – Nelipak Corp. Inc. has been acquired by Kohlberg & Co. LLC, a private equity firm headquartered in Mount Kisco, N.Y., the company announced Wednesday.
The company was sold by Mason Wells, based in Milwaukee.
Nelipak manufactures custom-designed rigid health care packaging for Class II and Class III medical devices and pharmacy drug delivery products. The company will continue to operate under the name of Nelipak Healthcare Packaging.
The company had 110 local employees in Rhode Island as of June 14, according to PBN research. The company said it has more than 800 employees internationally. The acquisition is not expected to affect staffing levels at the company.
Senior management is also expected to stay in place. Terms of the deal were not disclosed.
The company said as a result of the acquisition, it is now in place to pursue growth opportunities, including mergers and acquisitions.
“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,” said Mike Kelly, president and CEO of Nelipak, in a statement. “Kohlberg is committed to investing in Nelipak to make us an even stronger organization with additional capabilities to offer our customers around the world. With our 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.”
Chris Bergenheim is the PBN web editor. You may reach him at Bergenheim@PBN.com.