Both firms aim to expand their medical packaging business
Sealed Air has taken a minority stake in SteriPack, a global supplier of medical packaging, with facilities in Ireland, Poland and Malaysia, for an undisclosed amount.
Sealed Air's NeliPak division, which has plants in Ireland, the UK and The Netherlands, specialises in thermoformed films and trays for the medical and pharmaceutical markets. The company will use the investment as a way to build on its presence in these sectors.
“We are thrilled about the long-term implications of this alliance,” said SteriPack’s group sales director Barry Moore.
“We are combining the strengths of both companies to deliver innovative product solutions in the area of medical device packaging. This alliance will enable both companies to extend their customer bases and provide profitable growth.”
A spokesman from Sealed Air added: “We have a growing business in aseptic packaging. This gives us another technology platform that compliments our existing technology and also provides opportunity for further expansion.”
SteriPack houses its manufacturing capabilities in a Class 100,000 cleanroom and has been servicing the medical device industry worldwide for more than 16 years.