New Britain, Pennsylvania, USA – May 10, 2016 – Mangar Medical Packaging has been acquired by Oliver-Tolas® Healthcare Packaging parent company, Oliver Products, effective May 10, 2016.
“Over the past 30 years, Mangar Medical Packaging has grown to become one of the most admired companies in the Healthcare Packaging industry. With best-in-class converting capabilities, a long tenured, experienced team, and a passion to serve customers, Mangar has a history of providing innovative, cost effective, high quality solutions to meet customer needs. We are thrilled to have the opportunity to combine the extremely talented team and capabilities of Mangar with Oliver-Tolas®,” said Jerry Bennish, President and CEO of Oliver-Tolas®. “Our strategy is to leverage Mangar knowhow and capabilities with the Oliver-Tolas® global footprint and ongoing investment capacity. An immediate benefit to customers will be a broader product offering and enhanced technical capabilities.”
Doug Coleman, CEO of Mangar, adds, “We are very proud of Mangar and all the work that the team has done to support the industry and our customers. Joining forces with Oliver-Tolas® will present tremendous opportunities for the employees and customers of both companies.”
Sales, Customer Service, Technical Service and Production at Mangar and Oliver-Tolas® sites will continue with no immediate changes. The companies will work together to develop long-term plans focused on enhancing the products and services available to customers.
Mangar Industries, doing business as Mangar Medical Packaging, is a trusted partner of medical device manufacturers providing pouches, die-cut lids and mounting cards for use in sterile barrier packaging solutions. Mangar has served medical device manufacturers since 1986 from operations in New Britain, PA. More information about Mangar is available at www.mangar.com. Mangar was represented by Value Management Inc. (investment banking) and Hamburg, Rubin, Mullin, Maxwell & Lupin (legal).
Oliver-Tolas® Healthcare Packaging, a wholly owned subsidiary of Oliver Products Company, is a leading supplier of sterile-grade die-cut lid, roll stock, and pouch products to the medical device and pharmaceutical markets. With roots to the 1890’s, Oliver-Tolas® formulates and manufactures Xhale® and SealScience® heat-seal coatings leveraging two technology platforms. Headquartered in Grand Rapids, MI, Oliver-Tolas® has manufacturing operations in Feasterville, PA; Hamilton, OH; Venray, the Netherlands and Suzhou, China and sales offices throughout the United States, Europe and China. More information about Oliver-Tolas® is available at www.oliver-tolas.com.
For more information, contact:
Director of Business Development
Mangar Medical Packaging
Marketing and Product Manager
Oliver-Tolas® Healthcare Packaging