- people on the move
Manufacturer acquires medical packaging supplier
A local diversified manufacturer has acquired a medical packaging supplier to expand a subsidiary’s portfolio and capabilities.
Grand Rapids-based Oliver Products, the parent company of Oliver-Tolas Healthcare Packaging in Grand Rapids, said yesterday that it has acquired New Britain, Pennsylvania-based Mangar Medical Packaging.
Mangar Medical Packaging makes pouches, die-cut lids and mounting cards for use in sterile barrier packaging solutions for medical device clients.
Oliver-Tolas Healthcare Packaging is a supplier of sterile grade die-cut lids, roll stocks and pouches to the medical device and pharmaceutical industries.
Oliver-Tolas has manufacturing operations in Feasterville, Pennsylvania and Hamilton, Ohio, as well as Venray, Netherlands and Suzhou, China. It also has sales offices throughout the U.S., Europe and China.
Sales, customer service, technical service and production at Mangar and Oliver-Tolas sites will continue with no immediate changes.
Oliver-Tolas said the companies will work together to develop long-term plans focused on enhancing the products and services available to customers.
Jerry Bennish, president and CEO of Oliver-Tolas, said Mangar has become one of the “most-admired” companies in the health care packaging industry over the past 30 years.
“Our strategy is to leverage Mangar know-how and capabilities with the Oliver-Tolas global footprint and ongoing investment capacity,” Bennish said.
Bennish said Oliver-Tolas is “thrilled” to combine Mangar’s “talented team” and “capabilities” with its own, which he said will benefit customers, by providing them with a broader product offering and enhanced technical capabilities.
Doug Coleman, CEO of Mangar Medical Packaging, agreed “joining forces” with Oliver-Tolas will present “tremendous opportunities” for both companies.