Inteplast affiliate Medira Inc. completed the acquisition of Medegen Medical Products LLC on June 2, according strech film to a news release issued by Medegen’s former owner, Medical Action Industries Inc. of Brentwood, N.Y. Medira paid about $78.6 million for Medegen based in Gallaway, Tenn., and unspecified assets of Medical Action’s Patient Care business unit.
Medegen’s range of molded and formed plastic items includes patient utensils, carafes, nursing care kits, surgical kit components, wash basins, bedpans and disposable laboratory products such as petri dishes.
Medical Action strech film announced an agreement for the sale in March. At that time Inteplast spokeswoman Brenda Wilson stated in a news release: “We value the technical expertise and market leadership of Medical Action. strech film Their Patient Care business will greatly enhance Inteplast’s existing portfolio of medical strech film and hospital supplies.”
Inteplast was third largest film and sheet extruder in North America in Plastics News’ 2013 survey of film and sheet companies. It logged an estimated $1.86 billion in film and sheet sales in 2012. The company is organised in three major divisions: AmTopp, strech film a film extruder and producer of plastic concentrates; Integrated Bagging Systems, which makes a wide array of bags, gloves and cleaning supplies; and World-Pak, a diverse business making plastic board, corrugated sheet, strech film foamed PVC sheet, laminated film and bags and Tuf Board synthetic wood.
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