Nelipak Corporation Acquires Medical Thermoformer

Nelipak Corporation (“Nelipak”) announced today that it has closed on the acquisition of Tegrant Alloyd Brands of Puerto Rico, Inc. (“TABPR”), a subsidiary of Sonoco Products Company. TABPR is a medical thermoforming company based in Juncos, Puerto Rico. The business will be owned by Nelipak and operate under the name of Nelipak Healthcare Packaging.

TABPR is a manufacturer of thermoformed rigid packaging for primarily healthcare customers including some of the best-known medical device and pharmaceutical customers in Puerto Rico and The Dominican Republic. The company’s packaging products include trays, clamshells, and blisters. Under the Nelipak Healthcare Packaging brand, TABPR will further develop its thermoformed packaging products and service capabilities for the healthcare market. The employees and suppliers of TABPR have played an integral role in the company’s success and will continue to do so in the future.

This acquisition strengthens Nelipak’s commitment to the North American healthcare market and will allow Nelipak to take advantage of growth opportunities in Puerto Rico, The Dominican Republic, and the broader Caribbean regions.  TABPR’s customers will have access to Nelipak’s award-winning design teams and modern cleanroom manufacturing throughout its global locations.

A 60-year brand, Nelipak is a global leader in the healthcare thermoformed packaging industry with a world-class reputation for quality and service. Nelipak, 100% focused on the healthcare market, continues to invest in best-in-class manufacturing and cleanroom facilities delivering high-end packaging to leading medical device manufacturers and pharmaceutical companies.

“We are thrilled to expand our global manufacturing footprint and gain greater access to Puerto Rico and The Dominican Republic healthcare markets with the acquisition of Tegrant Alloyd Brands of Puerto Rico,” said Mike Kelly, President, and CEO of Nelipak. “This acquisition enables us to better support our global customers since many of them have operations in Puerto Rico. Additionally, the Tegrant Alloyd Brands of Puerto Rico team and customer base complement our current capabilities.”

Mason Wells is a leading Midwest-based private equity firm with approximately $1.0 billion in assets under management across its current private equity funds. Mason Wells is currently investing out of Mason Wells Buyout Fund IV, a $615 million fund.  Since Mason Wells was formed in 1998, its buyout funds have invested in four specific industry sectors: Outsourced Business Services, Consumer Packaged Goods, Engineered Products & Services, and Packaging Materials & Converting. For more information related to Mason Wells, please visit the firm’s website at www.masonwells.com.

With facilities in Cranston, RI; Phoenix, AZ; Venray, the Netherlands; Galway, Ireland; Juncos, Puerto Rico; and San Jose, Costa Rica, Nelipak Healthcare Packaging designs, develops, and manufactures custom thermoformed packaging products that provide superior protection for medical devices and pharmaceuticals. The company offers medical trays and blisters, surgical procedure trays, pharmaceutical handling trays, custom-built sealing machines, and other value-added services. Nelipak’s customers consist of some of the largest and most reputable medical device and pharmaceutical companies in the world. With over 600 employees worldwide, Nelipak is focused on delivering superior quality and customer experience through world-class manufacturing at each of its locations.  More information about Nelipak can be found at www.nelipak.com.

Nelipak Healthcare Packaging is a trade name of Nelipak Corporation.