Bemis Company, Inc. (NYSE:BMS) has signed a definitive agreement to acquire the medical device packaging operations and related value-added services of SteriPack Group, an Irish owned global manufacturer of sterile packaging solutions for medical device and pharmaceutical applications.
We were delighted to act as Irish legal counsel to Bemis on this acquisition with Squire Patton Boggs LLP as lead counsel. The transaction 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 US$65 million in 2015. SteriPack Group will continue to independently own and operate its contract manufacturing services business. The transaction is expected to close effective April 29, 2016.
The team at LK Shields was led by corporate partner Richard Curran assisted by corporate partners Seanna Mulrean and Ruairi Mulrean, corporate associate James Byrne and banking partner Neil O'Keeffe.