MOSCOW (MRC) -- Bemis Co. Inc. is acquiring the medical device packaging operations of SteriPack Group, which will keep its contract manufacturing business, said Plasticsnews.
The deal includes a manufacturing site and employees in Clara, Ireland, as well as packaging business and converting assets at SteriPack sites in Lakeland, Fla., and Klang, Malaysia.
SteriPack said it will retain its contract manufacturing service business at the sites in Florida and Malaysia, as well as one in Jelcz-Laskowice, Poland.
"This acquisition supports Bemis’ strategy to grow our healthcare packaging business," Bemis CEO William Austen said in a statement. "SteriPack’s strong customer relationships and modern clean room operations will complement our new and expanding global health care operations."
The acquisition, expected to be completed April 29, will be "modestly accretive" to earnings per share this year, Bemis said.
"We believe that Bemis will continue to build upon the strong customer relations and world-class operations established by SteriPack over the last 21 years," SteriPack founder and CEO Garry Moore said in a statement. "We look forward to focusing on the development of our contract manufacturing business across the globe."
Terms of the deal were not disclosed, but Bemis said the operations being acquired had annual net sales of about USD65 million for fiscal year 2015.
As MRC informed earlier, Bemis Manufacturing Co. plans to increase the size of its plant in northern Mexico and to add three new presses with clamping forces ranging from 1,000-1,500 tons.
Bemis Company, Inc. is a major supplier of flexible and rigid packaging used by leading food, consumer products, healthcare, and other companies worldwide. Founded in 1858, Bemis reported 2015 net sales of USD4.1 billion. Bemis has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing, and converting. Headquartered in Neenah, Wisconsin, Bemis employs approximately 17,500 individuals worldwide.
MRC