Thermoformed packaging specialist expands its presence in Puerto Rico, the Dominican Republic and Caribbean regions
Nelipak, a manufacturer of thermoformed packaging for pharmaceuticals and medical devices, has bought Tegrant Alloyd Brands (TABR) of Puerto Rico, a subsidiary of Sonoco Products, a thermoforming company based in Juncos, Puerto Rico.
No financial details have been released.
The business will be owned by Nelipak and operate under the name of Nelipak Healthcare Packaging.
TABPR is a manufacturer of thermoformed rigid packaging primarily for the medical market. The company's packaging products include trays, clamshells, and blisters. Under the Nelipak Healthcare Packaging brand, TABPR will further develop its thermoformed packaging products and service capabilities for the healthcare market.
Nelipak says this acquisition strengthens its commitment to the North American healthcare market and will allow it to take advantage of growth opportunities in Puerto Rico, the Dominican Republic and the broader Caribbean regions. TABPR's customers will have access to Nelipak's design teams and modern 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.'
Nelipak Healthcare Packaging has operations in Cranston, RI; Phoenix, AZ; Venray, the Netherlands; Galway, Ireland; Juncos, Puerto Rico; and San Jose, Costa Rica.