STERIMED
ACQUIRES
RIVERSIDE MEDICAL PACKAGING
Sterimed, a world leader in medical packaging, has completed the acquisition of Riverside Medical Packaging, a leading supplier of sterilization packaging systems and services, based in the UK.
Specialist in complex medical packaging solutions, Riverside has become over the past 40 years a leading UK provider of tailored contract packing services for the medical device industry, housing 12 cleanrooms (3 Class 8 & 9 class 7) with significant thermoforming production capabilities. Under the tradename Aseptic Medical Devices (AMD), the company has also very successfully developed multi-packed syringes and medical devices in a format designed exclusively for the production of aseptically manufactured parenterals for hospital pharmacists and compounders.
Built on a foundation of excellence, Riverside is highly recognized for the high performance of its products and services, thanks to its dedicated and highly skilled team of 200 people in Derby.
This acquisition is very complementary to Sterimed’s existing operations and allows the group to further strengthen its service offering to medical device manufacturers. It also fastens its strategic growth into pharma applications.
The Management team of Riverside, led by the Managing Director Matthew Roe, will stay in place and join the entrepreneurial journey of Sterimed. David Shaw, founder of the company, will stay as a Director of Riverside and will join the Sterimed core entrepreneurs’ team by becoming a shareholder of the Sterimed group alongside the existing management team, families, and financial partners of Sterimed.
Thibaut Hyvernat, President, and CEO said: “I am delighted to welcome a wonderful new team, and a wonderful business, within Sterimed. All the preparatory works and discussions have taken place in such a constructive spirit that this alliance became obvious for everybody very quickly, making all of us sure of its relevancy. This is another big step forward in Sterimed development strategy, bringing a lot of new cross-fertilization opportunities for Riverside Medical and a number of current Sterimed sites and businesses.”
David Shaw, the founder said:” We are delighted and thrilled to have completed this transaction and to now be part of the Sterimed Group. Over its 45 year history Riverside has grown into one of the UKs leading medical packaging suppliers. Our success has been the result of a dedicated and committed workforce, long term vision and innovation. With the synergies, opportunities and security that will now arise from being part of the Sterimed family of companies, I am confident that the future prosperity of Riverside is assured, and our customers will benefit hugely from the wider variety of services Riverside will now be able to offer.”
Matthew ROE, who will remain as Managing Director of Riverside said: “Myself, my management team, and our proficient and experienced workforce are thrilled to be joining the Sterimed Group. The synergies for cooperation and expansion within the group will accelerate our growth and cement our position as one of the leading providers to the medical device industry. The partnership with these prestigious medical packaging companies will give us a global presence and create exciting new opportunities.”
About Sterimed:
Sterimed Infection Control, headquartered in France, is a world leader in the manufacture of medical packaging and associated services. Sterimed masters both the manufacturing of specialty substrates (paper, polybond®, film...) and the manufacturing and distribution of ready-to-use sterilization packaging and consumables.
With over €260m of sales in 2022/23, Sterimed can now count on 1 500 fully committed associates in 24 sites around the world, including 14 manufacturing facilities.
Since 2016, the Group has completed 9 acquisitions in France, Mexico, Latin America, China, the United Kingdom, Spain, Germany, and Ireland.
Find out more about Sterimed.
About Riverside Medical Packaging
Riverside has been created in Derby by David Shaw in 1979, joined 4 years later by the current Managing Director, Matthew Roe, and, since then, has developed in the field of medical packaging solutions (sterilization pouches) and contract packing. Riverside is a leading UK specialist in medical packaging, contract packing and complex packaged kit manufacturing.
It also provides services such as validation process, sale of web materials, engineering services and cleanroom hire.
Find out more about Riverside
For media inquiries or additional information, please contact:
Dorothee Vuibert, Group Communication Director - dorothee.vuibert@sterimed.fr