Mason Wells announces sale of Nelipak Healthcare Packaging

MergerMason Wells (Milwaukee, WI) announced the closing of the sale of Nelipak Corp. to Kohlberg & Co. LLC, a private equity firm headquartered in Mount Kisco, NY. Nelipak operates under the trade name Nelipak Healthcare Packaging and was a Mason Wells Buyout Fund III portfolio company.

Nelipak, headquartered in Cranston, RI, is a global provider of custom designed rigid packaging for the medical device and pharmaceutical industries. The company’s products include thermoformed medical trays and blisters, pharmaceutical handling trays, surgical procedure trays and lidding materials. Nelipak’s products are primarily designed for Class II and Class III medical devices, which are high-value, implantable devices. Nelipak has a diverse, global customer base consisting of some of the world’s leading medical device manufacturers and pharmaceutical companies. In addition to its Rhode Island facility, Nelipak’s six other facilities are located in Arizona, Pennsylvania, the Netherlands, Ireland, Puerto Rico and Costa Rica.

“We are proud of our efforts to help transform Nelipak from a corporate division within Sealed Air Corp. to a leading global healthcare packaging company,” said Jay Radtke, Senior Managing Director of Mason Wells. “Back in 2013, the company was primarily European-focused. Over the last six years, we have hired a world-class management team led by CEO Mike Kelly, launched the Nelipak Healthcare Packaging brand, completed three acquisitions to significantly increase Nelipak’s U.S. market presence and built a global ‘one team, one Nelipak’ culture that has really resonated with customers. The company has a lot of momentum and the best is yet to come from Nelipak under Kohlberg ownership.”

Mike Kelly, CEO of Nelipak, commented on the transaction: “Mason Wells was an ideal partner for Nelipak over the last six years as the business transitioned from a corporate division culture while pursuing a global growth strategy. With Mason Wells’ support, guidance and access to resources, we were able to successfully execute on our strategic objectives, including completing three acquisitions and making a number of significant facility and equipment investments.

“We believe the transition to Kohlberg ownership at this point in our evolution will allow us to offer an even wider breadth of exciting packaging solutions for current and future customers,” Kelly added.      

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