Nelipak Corporation Acquires Flexpak Corporation
For more information, contact: Jay Radtke, 414-727-6400
Cranston, RI (July 28th 2014) – Nelipak® Corporation (“Nelipak”) announced today that it has closed on the acquisition of Debond Corporation (dba Flexpak Corporation) (“Flexpak”). The business will be owned by Nelipak and operate under the name of Nelipak® Healthcare Packaging.
Flexpak, founded in 1974, is a manufacturer of custom thermoformed trays, clamshells, and blisters with an emphasis on medical markets as well as consumer and food markets. Based in Phoenix, AZ, Flexpak provides a host of complementary services such as design engineering, concept development, prototyping, in-house tooling design and fabrication, supply chain management services, and maintenance and validation services.
Flexpak’s customers include some of the best-known medical device manufacturers in the Southwest US and Northern Mexico. Under the Nelipak brand, Flexpak will further develop its thermoformed packaging products and service capabilities for the healthcare market. The employees and suppliers of Flexpak 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 US healthcare market and will allow for Nelipak to take advantage of growth opportunities in the Southwest US and Northern Mexican regions. Flexpak’s customers will have access to Nelipak’s award winning design teams and modern cleanroom manufacturing throughout its global locations.
“This is an incredible growth opportunity for Flexpak’s employees and its customers” said Steven Murray, President and CEO of Flexpak. “With access to Nelipak’s global capabilities, we look forward expanding the Southwest US and Northern Mexican markets and exploring new ways to enhance our value to customers.”
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 cleanrooms 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 the US and Mexican markets with the acquisition of Flexpak” said Mike Kelly, President and CEO of Nelipak. “This acquisition enables us to better support our customers, and the Flexpak team and facility complement our current capabilities."
About Mason Wells
Mason Wells is a leading Midwest-based private equity firm that is currently investing through Mason Wells Buyout Fund III, a $525 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.
About Nelipak® Healthcare Packaging
With facilities in Cranston, RI; Phoenix, AZ: Venray, the Netherlands; Galway, Ireland; 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 500 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