Mölnlycke Health Care
Encyclopedia
Mölnlycke Health Care is a Swedish
medical devices company headquartered in Gothenburg
and active internationally. The company manufactures and sells disposable surgical products such as drapes, gowns, facemasks, and headwear and wound and skin care products such as dressings, compression products, and emollients.
as a textile manufacturer. In the 1940s Mölnlycke began supplying the health care industry with products, such as gauze.
In 1975 Mölnlycke was acquired by SCA
where it made up their Clinical division. In late 1997 SCA sold the Clinical division to Nordic Capital
who merged it with Kolmi-Set acquired by Tamro
and named it Mölnlycke Health Care AB.
Four years later, in 2001, Mölnlycke Health Care acquired the single-use surgical BARRIER product line from Johnson & Johnson
.
Mölnlycke Health Care AB was acquired from Nordic Capital by Apax Partners
in June 2005 and subsequently merged with Medlock Medical and Regent Medical. The merged company became Mölnlycke Health Care Group. Apax Partners sold Mölnlycke Health Care Group to Investor AB and Morgan Stanley in January 2007.
In October 2008 Mölnlycke Health Care acquired Pharmaset, a French manufacturer of surgical single-use kits.
In June 2009 the company acquired JKT, a Polish manufacturer of surgical disposable products.
In January 2010 the company acquired Rynel, an American manufacturer of hydrophilic polyurethane foam.
Investor AB acquired Morgan Stanley Principal Investments' stake in Mölnlycke Health Care in August of 2010. The acquisition made Investor AB a 96% owner in the company. The remaining 4% is owned by management.
The company is in a rapid growth from 2000 based on the competitive health care products and good management team. In June 2011, the company launched the construction of a new manufacture factory in former navy base at Brunswick, Maine, representing a significant milestone for the company to become a leading health-care product manufacture in the world. The factory will produce health care products for U.S market from 2012, and significantly reduce the manufacturing cost and assist new product development.
In 2011, the company is ranked the 2nd largest advanced wound dressing company in the world and still keeps growing.
The Mölnlycke Health Care wound care division has numerous brands. They include:
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
medical devices company headquartered in Gothenburg
Gothenburg
Gothenburg is the second-largest city in Sweden and the fifth-largest in the Nordic countries. Situated on the west coast of Sweden, the city proper has a population of 519,399, with 549,839 in the urban area and total of 937,015 inhabitants in the metropolitan area...
and active internationally. The company manufactures and sells disposable surgical products such as drapes, gowns, facemasks, and headwear and wound and skin care products such as dressings, compression products, and emollients.
History, mergers and acquisitions
The company was founded in 1849 by Gustaf Ferdinand Hennig in MölnlyckeMölnlycke
Mölnlycke is a suburb of Greater Gothenburg, a locality and the seat of Härryda Municipality, Västra Götaland County, Sweden. It had 14,439 inhabitants in 2005. The urban area stretches over two municipalities, Mölndal Municipality is the second....
as a textile manufacturer. In the 1940s Mölnlycke began supplying the health care industry with products, such as gauze.
In 1975 Mölnlycke was acquired by SCA
SCA
- Organizations :* Schuylkill Canal Association, a non-governmental organization that maintains a section of historical canal in Pennsylvania* Scottish Canoe Association* Secular Coalition for America* Sexual Compulsives Anonymous...
where it made up their Clinical division. In late 1997 SCA sold the Clinical division to Nordic Capital
Nordic Capital
Nordic Capital is a private equity investment firm focusing on leveraged buyout transactions primarily in the Nordic region . Nordic invests across a broad array of industries and will invest in turnaround and growth capital transactions.Nordic is based in Stockholm, Sweden and was founded in 1989...
who merged it with Kolmi-Set acquired by Tamro
Tamro
Tamro is a Finnish wholesaler and retailer of pharmaceuticals and is a subsidiary of the Phoenix Group. It operates wholesale throughout Northern Europe as well as retailing in Norway, Estonia, Latvia and Lithuania. In Norway it owns Apokjeden which in turn owns the chain Apotek 1, the largest in...
and named it Mölnlycke Health Care AB.
Four years later, in 2001, Mölnlycke Health Care acquired the single-use surgical BARRIER product line from Johnson & Johnson
Johnson & Johnson
Johnson & Johnson is an American multinational pharmaceutical, medical devices and consumer packaged goods manufacturer founded in 1886. Its common stock is a component of the Dow Jones Industrial Average and the company is listed among the Fortune 500....
.
Mölnlycke Health Care AB was acquired from Nordic Capital by Apax Partners
Apax Partners
Apax Partners LLP is a global private equity and venture capital firm, headquartered in London. The company also operates out of eight other offices in New York, Hong Kong, Mumbai, Tel-Aviv, Madrid, Stockholm, Milan and Munich. The firm, including its various predecessors, have raised...
in June 2005 and subsequently merged with Medlock Medical and Regent Medical. The merged company became Mölnlycke Health Care Group. Apax Partners sold Mölnlycke Health Care Group to Investor AB and Morgan Stanley in January 2007.
In October 2008 Mölnlycke Health Care acquired Pharmaset, a French manufacturer of surgical single-use kits.
In June 2009 the company acquired JKT, a Polish manufacturer of surgical disposable products.
In January 2010 the company acquired Rynel, an American manufacturer of hydrophilic polyurethane foam.
Investor AB acquired Morgan Stanley Principal Investments' stake in Mölnlycke Health Care in August of 2010. The acquisition made Investor AB a 96% owner in the company. The remaining 4% is owned by management.
The company is in a rapid growth from 2000 based on the competitive health care products and good management team. In June 2011, the company launched the construction of a new manufacture factory in former navy base at Brunswick, Maine, representing a significant milestone for the company to become a leading health-care product manufacture in the world. The factory will produce health care products for U.S market from 2012, and significantly reduce the manufacturing cost and assist new product development.
In 2011, the company is ranked the 2nd largest advanced wound dressing company in the world and still keeps growing.
Sales and manufacturing
Mölnlycke Health Care has sales offices globally. The company has split their production between several factories around the world. Production of their surgical products takes place in Belgium, Thailand, Malaysia, France, and the Czech Republic. Production of wound care products takes place in the UK, Finland and U.S.Brands
The Mölnlycke Health Care surgical division has four brands:- BARRIER
- ProcedurePak
- HiBi
- Biogel
The Mölnlycke Health Care wound care division has numerous brands. They include:
- Mepilex
- Mepore
- MepitelMepitelMepitel is a type of wound dressing product. It is classified as soft silicone primary wound dressing. It is produced by Mölnlycke Health Care.-References:...
- EpadermEpadermEpaderm is an emollient used for the treatment of dry skin, including conditions such as Eczema It contains emulsifying wax and yellow soft parafin....
- Tubifast
- Tubigrip
- Xelma
- Avance
- Safetac