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Private Equity Firm Acquires Oliver Medical
Lawrence Lloyd
August 1, 2007
1 Min Read
.svg?width=850&auto=webp&quality=95&format=jpg&disable=upscale "Private Equity Firm Acquires Oliver Medical")
OUTSOURCING NEWS
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The acquisition should ensure the continued growth of Oliver's device packaging products, such as these lids. |
Private equity firm Mason Wells (Milwaukee) has acquired Oliver Medical, which is based in Grand Rapids, MI. Oliver agreed to the acquisition because of the growth opportunities it could present.
“Oliver shareholders made the strategic decision to sell the company to secure the investment necessary to continue the substantial growth the company has realized over the past few years,” said Jeff Murak. He is Oliver's director of marketing and sales.
The management team at Oliver will remain in their current positions. Mason Wells has made no formal plans to change any of the staff.
“Employees and suppliers of Oliver, as well as the Grand Rapids community, have played an integral role in the company's success and will continue to do so in the foreseeable future,” said Mason Wells managing director Greg Myers.
Oliver supplies lids, rollstock, header bags, and pouches for medical device packaging.
Copyright ©2007 Medical Device & Diagnostic Industry
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