Belfast Telegraph

Campsie packaging plant one of three snapped up by US firm

Two years ago Bemis announced that the Campsie operation would also become a business services centre to support its European operations, with 95 jobs to be created between 2017 and 2021 (stock photo)
Two years ago Bemis announced that the Campsie operation would also become a business services centre to support its European operations, with 95 jobs to be created between 2017 and 2021 (stock photo)
Margaret Canning

By Margaret Canning

A medical packaging plant in Campsie has been sold as part of a $347m (£273m) deal.

US private equity firm Kohlberg will also acquire Bemis Healthcare Packaging plants in Co Offaly and north Lincolnshire as part of the sale.

The disposal of the plants was ordered by the European Commission as a condition of the $6.8bn (£5.4bn) merger of Australian firm Amcor with Bemis.

Amcor said that, in total, the three plants generate medical packaging sales of $130m (£102m) per year.

Amcor operates Amcor Flexibles in Europe, which includes sites in Sligo and Cumbria.

There was no further comment from Kohlberg on the future on the Campsie plant, which specialised in sterile barrier systems and employs around 300 people.

Two years ago Bemis announced that the Campsie operation would also become a business services centre to support its European operations, with 95 jobs to be created between 2017 and 2021.

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Amcor said the sale is subject to regulatory approvals, with the European Commission required to approve Kohlberg as the buyer.

However, the deal is expected to close in the coming weeks.

In its accounts for 2018, it reported an increase in turnover from £57.9m to £64m, while pre-tax profits were also up from £10.8m to £12.6m.

Kohlberg is based in Mount Kisco in New York.

It describes its focus as on "North American middle market companies where our financial and operational expertise can drive value creation through business enhancement and transformation".

It has made investments in industrial manufacturing, consumer products, business services and healthcare services.

Speaking last month, Paul Millar, a director of the Northern Ireland operation of Bemis, said he believed the future of the site was assured.

"It's a highly successful standalone business in its own right," he said.

Belfast Telegraph

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