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Phillips Plastics Inks Deal for Medisize
Phillips Plastics Corporation has entered into a definitive purchase and sale agreement to acquire Vantaa, Finland-based Medisize Corporation from Ratos AB and other Medisize shareholders.
“Medisize has a world-class management team and European footprint, with demonstrated capabilities in high-volume manufacturing and high-speed automation that will strengthen Phillips’ service offering and global reach. This is a positive development for each company’s customers, suppliers, and employees,” said Matt Jennings, president and CEO of Phillips.
The acquisition, which is subject to regulatory approvals, is expected to be finalized by the end of August.
“We are excited to be bringing together two long-standing leaders in OEM manufacturing for the health care market with more than 30 years of experience in meeting customers’ needs,” Medisize CEO Willem van den Bruinhorst said. Phillips Plastics is headquartered in Hudson, Wisc.
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