Nelipak Healthcare Packaging Acquired by Kohlberg & Company to Accelerate Global Growth

On July 2, 2019, VCBeat (WeChat ID: vcbeat) learned from foreign media that private equity firm Mason Wells announced the acquisition of the healthcare packaging business of its portfolio company, Nelipak Corporation Inc., by private equity firm Kohlberg & Company LLC. The business will continue to operate under the name Nelipak Healthcare Packaging.

Nelipak Corporation Inc. is a global leader in the manufacturing of medical product packaging, offering packaging design for Class II and Class III medical devices as well as logistics services for medical supplies. Nelipaks boasts extensive in-house expertise in design, development, manufacturing, and prototyping, while also providing surgical trays, pharmaceutical handling trays, custom sealing machines, and other value-added services. Nelipak employs over 800 people and operates seven production facilities, five of which are located in the United States.

“Over the past six years, we have achieved significant milestones at Nelipak, and we are deeply grateful to our former parent company, Mason Wells, for their support. Our future with Kohlberg is very promising. Kohlberg’s investment in Nelipak will enable us to become a stronger organization and deliver enhanced services to customers worldwide. Leveraging our global offices, world-class design teams, state-of-the-art cleanrooms, robust sales organization, and experienced management team, Nelipak is well-positioned to seize opportunities and expand its market presence,” said Mike Kelly, President and CEO of Nelipak.

Kohlberg partner Seth H. Hollander commented, “Nelipak has successfully transformed itself into a global leader in the medical packaging sector and provides an ideal platform for further industry consolidation. Our plan includes leveraging Mike Kelly and his team, along with their client relationships, to execute large-scale global acquisitions.”

Roger Prevot, Operating Partner at Kohlberg, added, “With the acquisition of Nelipak, a company with significant influence in the global market, we have secured a unique investment opportunity. We look forward to supporting Mike KellyHe and his team continue to execute their M&A-driven growth strategy while delivering best-in-class service to their clients.”

Nelipak is headquartered in Cranston, Rhode Island, USA. Nelipak Healthcare Packaging provides design, development, and manufacturing services for custom packaging solutions, offering superior protection for medical devices and pharmaceuticals. The company offers surgical trays, pharmaceutical handling trays, custom sealing machines, and other value-added services. Nelipak Healthcare Packaging’s clientele includes some of the world’s largest and most reputable medical device and pharmaceutical companies.

Kohlberg & Company, LLC is a leading private equity firm headquartered in Mount Kisco, New York. Since its founding in 1987, Kohlberg has organized eight private equity funds, raising over $7.5 billion in committed capital through these funds. Over its 32-year history, Kohlberg has completed 76 platform investments and nearly 200 add-on acquisitions, with total transaction value exceeding $15 billion.

Mason Wells is a private equity investment firm focused on investments in biotechnology, medical devices, and life sciences. The company invests in industries such as consumer packaged goods, engineered products and services, outsourced business services, and packaging materials and processing.

(Compiled by: Zhang Jing)