Product category:
Conveying, handling and end-of-line equipment
News Release from: Sealed Air
Edited by the Manufacturingtalk Editorial
Team on 04 January 2006
Sealed Air aquires Nelipak
Sealed Air Corporation announced that it has completed the acquisition of Nelipak Holdings B.V
Based in the Netherlands, Nelipak designs and manufactures rigid packaging for medical, consumer and industrial applications Nelipak's net sales in 2004 were approximately $50 million
This article was originally published on Manufacturingtalk on 11 Jul 2005 at 8.00am (UK)
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Although terms of the acquisition were not disclosed, Sealed Air does not expect the transaction to be material to its consolidated financial position or operating results.
Commenting on the acquisition, William V.
Hickey, Sealed Air's President and Chief Executive Officer, stated: "We are pleased to build on our presence in medical packaging with the acquisition of Nelipak.
We believe that medical packaging represents an attractive growth opportunity for Sealed Air's products and technology.
This acquisition will enable us to expand our ability to meet the packaging needs of the global healthcare industry.
"Nelipak is a good fit with Sealed Air because of its solid long-term customer relationships, its technical approach to product development and its reputation for superior quality. Request free introductory details about products from Sealed Air ...
This acquisition provides Sealed Air with a greater presence in the highly technical field of medical device packaging and is a complementary addition to both our existing medical packaging business for pharmaceutical solutions and our industrial packaging business." Frank Nelissen, Managing Director of Nelipak, stated: "I am excited that Nelipak is joining this world class, global company and I am looking forward to working together as we offer an even broader array of packaging solutions for our customers.".
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