CRANSTON – Nelipak Corp. will be merged with Bemis Healthcare Packaging Europe, the company announced Friday.
The combined entity will operate under the Nelipack Healthcare Packaging name.
Bemis was acquired by New York-based private equity firm Kohlberg & Co. LLC, which purchased Nelipack earlier this year. At the time, the company said that its acquisition would set it up for growth, including growth via mergers and acquisitions.
Terms of the deal were not disclosed.
“Our recent acquisition of Nelipak represented a platform for growth and consolidation,” said Seth H. Hollander, partner of Kohlberg. “The Bemis acquisition provides a unique opportunity to create global scale and diversification across complementary product offerings.”
Nelipack said it had 150 employees in Cranston and 800 international workers before the merger. Bemis employs about 600 workers, the company said. The combined entity will remain headquartered in Cranston.
“We are excited about the addition of the Bemis European Healthcare Packaging business, a great organization with outstanding people and tremendous capabilities,” said Mike Kelly CEO and president of Nelipak. “We will leverage the unique capabilities of both organizations to delight our customers with innovative designs, world-class quality and excellent service.
Nelipak designs, develops and manufactures custom-designed rigid health care packaging used for Class II and Class III medical devices, and drug delivery products.
BHPE has operations in Ireland and the United Kingdom.
“This combination provides attractive opportunities for revenue growth from cross-selling and geographic expansion,” stated Roger Prevot, operating partner of Kohlberg. “Mike and his team will be better equipped to serve the company’s customers as a comprehensive partner for their packaging needs.”
Chris Bergenheim is the PBN web editor. You may reach him at Bergenheim@PBN.com.
