Nelipak yesterday announced that private equity shop Kohlberg acquired the healthcare packaging company for an undisclosed amount.
Cranston, R.I.-based Nelipak manufactures rigid healthcare packaging used in Class II and Class III medical devices and pharma drug-delivery products. The company also has in-house design, development, prototyping, manufacturing and quality teams to assist in the production of medical trays and blisters, surgical procedure trays, pharmaceutical handling trays and more.
“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,” president & CEO Mike Kelly said in a press release. “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.”
Kohlberg, a private equity firm based in Mount Kisco, N.Y., plans to continue to operate the business under the Nelipak brand.
“Nelipak has successfully transformed itself into a leading global player in healthcare packaging and an ideal platform for further industry consolidation,” Kohlberg partner Seth Hollander said.
“Our plans include leveraging Mike and his team, and their customer relationships, with sizeable global acquisitions,” Kohlberg operating partner Roger Prevot said. “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.”