Bemis acquires medical device packaging business of Ireland's SteriPack Group
US-based Bemis Company announced that it has signed a definitive agreement to acquire the medical device packaging operations and related value-added services of SteriPack Group, a global manufacturer of sterile packaging solutions for medical device and pharmaceutical applications in Ireland.
This acquisition includes a facility in Ireland as well as packaging production assets in Malaysia and the US. These operations recorded annual net sales of approximately US$65 million in fiscal 2015.
The transaction is expected to close effective April 29, 2016. Terms of the transaction were not disclosed.
"This acquisition supports Bemis' strategy to grow our healthcare packaging business," said William F. Austen, President and CEO of Bemis Company, Inc. "SteriPack's strong customer relationships and modern clean room operations will complement our new and expanding global healthcare operations and will increase our capacity to meet the needs of the growing healthcare industry. We expect this acquisition to be modestly accretive to earnings per share in 2016."
