Arjowiggins has completed the sale of Arjowiggins Healthcare to Meeschaert Private Equity in partnership with the company's executive management team. The proceeds from the sale will help strengthen Arjowiggins' financing capacity.
Arjowiggins Healthcare produces and converts the papers and substrates used to package sterile medical devices such as syringes, healthcare kits and catheters. It employs over 330 people and reported annual consolidated sales of approximately Euro 77 million in 2015.
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