Stevanato Group SpAStevanato Group sells subsidiary Balda C. Brewer; impact on parent not detailed.

Craftech Holdco, a portfolio company of Sage Park, today announced the acquisition of Balda C. Brewer, the Ontario, California-based contract manufacturing subsidiary, from its parent company Stevanato Group. Balda C. Brewer is a leading manufacturer of highly engineered plastic components for the medical device industry, operating a 140,000-square-foot facility with over 40,000 square feet of ISO Class 7 and Class 8 cleanrooms. The combined businesses will have more than 250,000 square feet of manufacturing space across the United States and Mexico, including over 55,000 square feet of cleanroom capabilities. Sage Park's Managing Director of M&A Chintan Meher said the acquisition adds state-of-the-art medical clean-room manufacturing to the platform, enhancing the customer experience and product range. BCB President Ali Debei expressed confidence that the combination will expand core capabilities and better meet evolving customer needs.
Stevanato Group SpAStevanato Group sells subsidiary Balda C. Brewer; impact on parent not detailed.
Balda C. Brewer acquired, likely to benefit from combined capabilities.
Craftech Holdco acquires Balda C. Brewer, enhancing manufacturing capabilities.
Sage Park acquires Balda C. Brewer, expanding its platform.