Oliver Medical Adds On

Oliver Medical LLC, a portfolio company of Mason Wells, has acquired TOLAS Healthcare Packaging, a maker of sterile-grade packaging. No financial terms were disclosed.



Mason Wells Buyout Fund II, L. P. (“Mason Wells”) announced today the acquisition of TOLAS Healthcare Packaging by its portfolio company, Oliver Medical, LLC.


The acquisition combines two very successful medical and pharmaceutical packaging suppliers. It increases Oliver’s presence in the market, broadens the product line, and expands the coating and manufacturing operations of both organizations.


“Mason Wells is excited to bring together two leaders in the healthcare packaging industry,” said Greg Myers, managing director of Mason Wells. ”Oliver and TOLAS are both known for outstanding quality, customer service and innovation. We look forward to building on those strengths and creating the most advanced, high quality packaging products available to the medical device and pharmaceutical markets.”


Mason Wells has been investing in middle market businesses in the specialty packaging industry since the mid-1980s.


TOLAS Healthcare Packaging has been manufacturing sterile-grade packaging, including peelable or tear-open pouches and heat-seal coated lidding, for more than 30 years. TOLAS has manufacturing facilities located in Philadelphia, Pa. and Cincinnati, Ohio.


Oliver Medical was acquired by Mason Wells in June 2007. Oliver Medical has been a leading supplier of innovative die cut lid, roll stock and pouch products since1968. It has manufacturing operations in Grand Rapids, Mich., and Venray, Netherlands; and a sales office in Suzhou, China.


About Mason Wells: Mason Wells is a leading Midwest-based private equity firm that manages over $500 million of institutional capital. Since its founding, Mason Wells has closed more than 80 transactions through the Mason Wells Buyout Funds and its predecessor funds. Mason Wells Buyout Fund II was established in December 2005 to make control-oriented buyout investments in middle market companies primarily located in the Midwestern United States. For more information visit the company’s Web site at www.masonwells.com.


About Oliver Product Company: Oliver Products Company is the parent company to Oliver Medical LLC and is a premier provider of packaging solutions to the global medical and prepared foods industries, as well as a leading manufacturer of food processing equipment. The packaging systems and solutions designed, manufactured, and marketed by company are highly sophisticated and customized due to the stringent presentation, protection, and performance requirements of their customers. For more information, visit the company’s Web site at www.oliverproducts.com and www.olivermedical.com.


About TOLAS Healthcare Packaging: TOLAS Healthcare Packaging manufactures sterile-grade packaging including peelable or tear-open pouches and heat-seal coated lidding for the medical device and pharmaceutical markets. Company products include barrier packaging for orthopedic devices, Tyvek® lidding for form/fill/seal applications and other high performance packaging materials. For more information, visit the company’s Web site at www.tolas.com.