US firm Printpack is moving into the pharmaceuticals sector after buying a manufacturing facility from Amcor's medical packaging business.
The flexible packaging and speciality rigid container firm has bought the Marshall, North Carolina facility that makes films for bags and sterilisable medical devices.
Amcor was required to sell the operation to secure US Department of Justice approval for its acquisition of part of Alcan Packaging. The terms of the transaction were not disclosed.
Dennis Love, president of Printpack, said the firm had been investigating the medical packaging sector for some time.
"Timing was right to acquire Amcor’s Marshall facility, and we are excited to be entering this new market. We look forward to leveraging our core competencies to expand our offerings, service our new customers and grow our position in this market," he said.
Amcor announced a $2bn deal to buy Alcan Packaging's Global Pharmaceuticals, Food Europe, Food Asia and Global Tobacco divisions in August 2010. The deal was completed in February.
Printpack operates 28 manufacturing facilities in the United States, Mexico, the United Kingdom, Poland and China.