"Over the last two years we achieved our goals by executing on our operations strategy, investing in capital improvements and working closely with a talented management team," said Platinum Equity Partner and President of Portfolio Operations Bryan Kelln. "Contego's success is a reflection of the hard work of Contego's employees, as well as Platinum Equity's M&A&O® approach to acquiring and driving operational value in our portfolio companies."
Under Platinum Equity ownership, Contego Healthcare built two new factories and made major investments in state-of-the-art printing and folding technology at its ten sites across Europe.
"Contego Healthcare is a strong business that is well-positioned to continue thriving under new ownership," added Mr. Kelln.
Platinum Equity acquired the healthcare packaging business and a food and cartons packaging business from South Africa-based Nampak Limited in February 2011. Both businesses were subsequently rebranded under the Contego name. The Contego food and cartons business was sold to Graphic Packaging Holding Company in December 2012.
Contego Healthcare, one of Europe's leading and most technically advanced packaging manufacturers, makes cartons, leaflets, self-adhesive labels, and printed foils for blister packs for the pharmaceutical and healthcare markets. Contego Healthcare has a pan European focus with ten manufacturing sites in the UK, Italy, Germany, France and Ireland.
