Agreement to sell rigid medical packaging assets / Remains committed to medical films / Regional office in China
Protective packaging supplier Sealed Air (Elmwood Park, New Jersey / USA; has agreed to sell its rigid medical packaging business to US private equity firm Mason Wells Buyout Fund III (Milwaukee, Wisconsin; The business was formed from three previous acquisitions: Nelipak Holdings, Alga Plastics and ATE Costa Rica and has facilities in Ireland, the Netherlands, the US and Costa Rica. CEO Jerome Peribere comments: “Our rigid medical business has a strong global position but no longer presents a strategic fit for us. By further focussing our portfolio, we can maximise our investment in new innovations which are core to our market-driven business.” He added the company remains committed to the medical packaging industry and will continue to manufacture medical and pharmaceutical films.

The sale is expected to close in the fourth quarter of 2013, subject to the usual conditions. The price will be subject to certain adjustments but Sealed Air expects to receive USD 125m from the deal. At the end of October the company announced the rigid medical packaging business would yield net sales worth an estimated USD 100m in 2013, contributing to total net sales of approximately USD 7.7 bn.

Meanwhile, the company has announced the setting up of a China head office to serve as a hub for its operations, technology, innovation and customer learning in the country as well as for South Korea, Hong Kong and Taiwan. The office, which is located in Shanghia’s Qingpu district, adds to Sealed Air’s other Asian R&D hub in India.
18.11.2013 [226832-0]
Published on 18.11.2013
Sealed Air: Geschäft mit festen Medizinverpackungen vor VerkaufGerman version of this article...

© 2001-2023  |  Imprint  |  Privacy  |  Cookie settings is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2023 by, Bad Homburg
Date of print: 28.01.2023 18:12:06   (Ref: 677961090)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: