Phillips Plastics to Acquire Medisize

Phillips Plastics, U.S., has agreed to acquire Medisize, Finland, from Ratos AB, Sweden, and other shareholders for an enterprise value of Euro 127.5 million. Medisize is a contract manufacturer specialised in medical devices for delivery and administration of drugs and pharmaceutical packaging and single-use plastic products for anaesthesia and intensive care with 860 employees. Phillips Plastics is controlled by U.S. private equity group Kohlberg & Co.