RWK Goodman and Bishop Fleming advise Sterimed on its acquisition of Granton Medical, a leading provider of medical packaging solutions in the UK
Sterimed Group, through its UK subsidiary Westfield Medical, has announced that it has completed the acquisition of Granton Medical, a leading manufacturer of sterilization pouches and provider of packing services for the medical device industry in the UK.
The Granton family owners were pioneers of sterile packs for single-use surgical blades back in the 1960’s and Granton Medical has grown to be the largest manufacturer of self-seal pouches for sterilization centres and hospitals in the UK. The company has successfully developed a contract packing offering under the brand name Cleanline®, encompassing medical device cleaning, assembly and packaging solutions, performed in an ISO Class 7 cleanroom. Granton also offers printed roll stock of sterilizable packaging materials to medical device manufacturers.
Sterimed were advised by an RWK Goodman team including James Worrall and Freya Still (Corporate), Tim Gofton (Employment) and Dan Pinheiro (Real Estate), working alongside Joe Coghlan and Charles Davey at Bishop Fleming (Corporate Finance advisors to Sterimed).
Freya Still commented: “It was a pleasure working with the teams at Westfield and Sterimed on the transaction and we’re delighted to see the historic Granton Medical business join the Sterimed global group.”
Joe Coghlan said: “We’re very pleased to have helped Westfield and Sterimed with their latest acquisition. This deal further cements Westfield’s strength in the UK market and we look forward to continuing to work with them as they grow”.
Thibaut Hyvernat, President and CEO of Sterimed, said:
“I am delighted to welcome Granton Medical, a strong and recognized trademark in the UK, and all its employees into Sterimed’s adventure. The entrepreneurial DNA of this company over the past years has led to fantastic results. We are certain that, with the union of our respective strengths, this combination will enhance our global positioning, for the benefit of our two companies and of their employees and customers. The acquisition of Granton Medical notably allows Sterimed to make a first step in the contract packing and associated services to medical device companies, which is a major strategic axis for the years to come, as a continuation of the expansion of our portfolio of products and services to this industry.”
James Vero, CEO of Westfield Medical said:
“Joining the forces of Westfield Medical and Granton Medical, two complementary companies, strengthens the presence of Sterimed in the UK. This will leverage our product range, as well as opening new development opportunities. I warmly welcome our new colleagues!”
Peter Kirkby, former Chairman at Granton Medical, said:
“After working closely with Westfield Medical for many years, I am delighted to see the two Companies now combining together. I believe that this is the start of an exciting new chapter for Granton Medical and that, as part of the Sterimed Group, there will be plenty of opportunities for the continued growth and success of the business.