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Sterimed Group acquires Riverside Medical Packaging, a leading UK supplier of tailored contract packaging for the medical industry
Company: Riverside Medical Packaging Ltd
Sector: Healthcare
Deal Value: Undisclosed
Provantage Corporate Finance are delighted to be the lead advisors on the disposal of Riverside Medical Packaging, a leading supplier of sterilisation packaging services to PE backed Sterimed Infection Control, based in France.
Riverside is a leading UK provider of tailored contract packing services for the medical device industry, housing 12 cleanrooms with significant thermoforming production capabilities. Under the tradename Aseptic Medical Devices (AMD), the company has also very successfully developed multi-packed syringes and medical devices for hospital pharmacists and compounders.
This acquisition is very complementary to Sterimed’s existing operations and allows the group to further strengthen its service offering to medical device manufacturers. It also cements its strategic growth into pharma applications. The partnership with these prestigious medical packaging companies will give a global presence and create exciting new opportunities.
Sally Saunders of Provantage commented: ” It has been a privilege to work with the shareholders of Riverside Medical packaging. The business has achieved significant growth through continued innovation and building trusted customer relationships, becoming a market-leading player and we are excited to see the huge growth potential in joining forces with the Sterimed group”
About Provantage Corporate Finance
Provantage Corporate Finance is an award-winning UK corporate finance advisory firm specialising in mergers and acquisitions (M&A), business sales, acquisitions, company valuations, management buyouts (MBOs), succession planning and strategic growth advice. Supporting business owners, entrepreneurs, shareholders, investors and management teams across a wide range of sectors, Provantage is a leading boutique throughout the UK mid-market
With offices in the East Midlands, West Midlands and London, the Provantage team advises clients on domestic and international transactions, helping businesses maximise value and achieve successful outcomes. Recognised for its people, expertise and deal execution capabilities, Provantage Corporate Finance is a trusted adviser for companies seeking an exit strategy, growth, investment or acquisition opportunities