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Bishop Fleming, alongside RWK Goodman, has advised Sterimed Group on its acquisition of Granton Medical, a leading manufacturer of sterilisation pouches and a 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 1960s and Granton Medical has grown to be the largest manufacturer of self-seal pouches for sterilisation centres and hospitals in the UK.
Sterimed were advised by Joe Coghlan and Charles Davey at Bishop Fleming (Corporate Finance advisors to Sterimed), alongside an RWK Goodman team including James Worrall and Freya Still (Corporate), Tim Gofton (Employment) and Dan Pinheiro (Real Estate).
Still said: “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.”
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, added: “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.”
