Plastiflex Group acquires Sidam S.r.l. from Mindful Capital Partners
Plastiflex Group N.V. acquires Sidam S.r.l., a leading healthcare company that designs and supplies tubing systems for preparing, handling, and delivering complex medical substances used in radiology, radiopharma, stem cell therapy and oncology. The acquisition strengthens Plastiflex’ activities in the fluid management segment by adding capabilities and high-growth end-markets to the group.
Plastiflex is a world leader in the development and production of tubing systems and components for healthcare (CDMO platform for airway and fluid management) and other applications. Sidam is a highly specialized CDMO providing disposable medical devices for fluid management markets. Headquartered in Mirandola, Italy, the company operates state-of-the-art production and research facilities in the region.
The existing Sidam leadership team, guided by Mrs Annalisa Azzolina, CEO of Sidam, will become part of the Plastiflex fluid management leadership team and all Sidam production and research facilities will continue their activities at their current locations.
As a result of the partnership with Sidam, the combined entity will further extend its product portfolio in the fluid management market and will be able to offer the Sidam customer base additional manufacturing capabilities across Asia and North America.
The acquisition adds further healthcare capacity in Europe, now with healthcare locations in North America (USA and Mexico), EMEA (Italy, Germany, Slovenia and Turkey) and Asia (China and Malaysia).
Piet Gruwez, CEO of Plastiflex, commented: “We are very excited about Sidam joining the Plastiflex Group. The transaction is another step in our healthcare focussed growth strategy and represents an important step in strengthening our fluid management segment. By partnering with Sidam, Plastiflex expands into highly attractive and structurally growing therapeutic areas such as radiology, radiopharma, stem cell therapy and oncology and adds a state-of-the-art production platform in the Mirandola area”
Annalisa Azzolina, CEO of Sidam added: “The journey we have shared with a forward-looking investor such as MCP has been a source of great satisfaction for us. We now look forward with enthusiasm to Sidam’s next phase of development within Plastiflex Group and are convinced that, together, we will be able to offer our global customers an even stronger and more comprehensive product portfolio”
About Plastiflex
Since its foundation in 1953, the Plastiflex Group has become one of the world's leading suppliers of components and customised tubing systems for customers in healthcare and non-healthcare sectors. The Plastiflex Group is globally active and employs more than 1,300 people across its international production sites and other subsidiaries.
About Sidam
Founded in 1991 in Mirandola (Modena, Italy), Sidam specializes in the design and manufacturing of single-use sets for the preparation, handling and administration of complex medical substances used in radiology, radiopharmaceuticals, oncology and cell therapy. Operating primarily as a CDMO serving global OEM customers, the company employs more than 200 people across Mirandola district.
