Nelipak Corporation has closed on the acquisition of Tegrant Alloyd Brands of Puerto Rico, a subsidiary of thermoforming company Sonoco Products.
The business will be owned by Nelipak and operate under the name of Nelipak Healthcare Packaging.
Tegrant is a manufacturer of thermoformed rigid packaging primarily for the medical market whose customers include major medical device and pharmaceutical brands in Puerto Rico and the Dominican Republic.
The company’s packaging products include trays, clamshells, and blisters.
Under the Nelipak Healthcare Packaging brand, Tegrant will further develop its thermoformed packaging products and service capabilities for the healthcare market.
Tegrant’s customers will have access to Nelipak’s design teams and cleanroom manufacturing throughout its global locations.
"We are thrilled to expand our global manufacturing footprint and gain greater access to the Puerto Rico and Dominican Republic healthcare markets with the acquisition of Tegrant Alloyd Brands of Puerto Rico,” said Mike Kelly, president and CEO of Nelipak.
"This acquisition enables us to better support our global customers since many of them have operations in Puerto Rico.
"Additionally, the Tegrant Alloyd Brands of Puerto Rico’s team and customer base complement our current capabilities."