Sealed Air Gets $125M For Sale Of Medical Packaging Biz

Law360, New York (November 13, 2013, 2:32 PM EST) -- Bubble Wrap owner Sealed Air Corp. agreed to sell its medical packaging business to a Wisconsin-based private equity firm for $125 million, the packaging company said today.

The business is an amalgam of formerly independent companies Nelipak Holdings BV, Alga Plastics Co. and ATE Costa Rica, spread across the U.S., Ireland, the Netherlands and Costa Rica. Sealed Air said that medical packaging is no longer contributing to the company's core business strategy and is better off sold. If regulators give their blessings, the sale will close...
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