UK-based Medica Packaging to become independent specialist packaging business
Posted on:
Medica Packaging Limited has this week announced it will separate from Graphic Packaging International and become an independent specialist packaging provider owned by a group of private individuals, managed by Sullivan Street Partners Limited.
Nicholas Mockett from Moorgate Capital, commented: “The merits of the pharmaceutical packaging sector continue to be recognised by strategic and financial investors with a series of deals in the last couple of years such as Essentra’s acquisition of Contego Healthcare and Carlyle’s investment in Chesapeake. This investment by Sullivan Street Partners is the latest M&A deal in the pharmaceutical packaging sector. We expect the industry to continue to consolidate”.
Source: Press release RISI
