SteriPack’s packaging operations acquired by Bemis

SteriPack’s medical device packaging operations have been acquired by Bemis Company, a supplier of flexible and rigid packaging for healthcare companies

This acquisition includes a facility in Ireland as well as packaging production assets in Malaysia and the United States. These operations recorded annual net sales of approximately $65m (£54m) in fiscal 2015.

SteriPack Group will continue to independently own and operate its contract manufacturing services business.

William Austen, president and CEO of Bemis Company, said: “This acquisition supports Bemis’ strategy to grow our healthcare packaging business.

“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.”

Details of the transaction were not disclosed. The transaction is expected to close effective April 29, 2016.