Spectrum Plastics Group – the market leading specialty medical packaging, component and contract manufacturer, has closed on the acquisition of PeelMaster Medical Packaging Corporation.
Spectrum Plastics Group increases Sterile Medical Flexible Packaging capabilities
Based in Niles, Illinois, PeelMaster is a full-service converter of sterile flexible packaging to the medical device market. Founded in 1989, PeelMaster produces pouches, header bags and die cut lids for medical applications.
PeelMaster has been an Authorized Converter of DuPont™ Tyvek® since its inception and, with the acquisition, Spectrum Plastics Group has also been granted Authorized Converter status from DuPont.
John Wolf, President, Films Division, said: "The addition of PeelMaster advances our position as a custom, scalable flexible packaging supplier for the medical device sector. Their focus on quality and customer service fit squarely with Spectrum Plastics Group's commitment to providing our customers with a first-rate experience. Additionally, we are very pleased to partner with DuPont as an Authorized Converter of Tyvek to continue providing superior sterile packaging to the healthcare industry."
Bill Sieck, President of PeelMaster, added: "This is a great day for PeelMaster Medical Packaging and we are pleased to join Spectrum Plastics Group. The two companies complement one another very well, and we are thrilled to have found such a partner to carry PeelMaster forward in the years to come."
Spectrum Plastics Group is a portfolio company of AEA Investors LP, a leading global private investment firm.