In an effort to streamline their operations and foster growth, Riverside Medical Packaging has announced the spin-off of its Shawpak business unit into a separate company. Shawpak, which began in 2014, will soon operate independently as Shawpak Limited, with the transaction slated to be completed by February 1st, 2024. This division within the company will not experience any changes to its daily operations, keeping its existing leadership and collaborative ties with Riverside Medical Packaging.
Operational Continuity and Synergy
The current and future synergy between Shawpak and Riverside Medical Packaging is expected to remain strong, as both entities will continue to support each other technically and in innovation efforts. The demerger represents a strategic move that aims to enhance focus and growth for both companies.
Riverside and Shawpak: A Historical Perspective
With its roots in Derby, UK, Riverside Medical Packaging has been an established player in the medical device packaging industry since 1979. Shawpak, a key division of Riverside, is known for its innovative packaging machinery, encompassing a range of products from rotary thermoform machines to pouch making and tray making equipment. Shawpak has not only achieved a substantial installation presence in over 25 countries, including a subsidiary in the USA, but it also counts among its clients some of the most prominent global medical device producers.
The impending demerger is heralded by CEO David Shaw with enthusiasm and pride, as it marks a significant milestone in their journey to cultivate a robust medical device packaging machinery business. Shaw’s comments underscore the ambition to lead and expand in the international medical device industry.
Through this strategic restructuring, Shawpak will embark on a new chapter of independence, while maintaining its foundational links to Riverside Medical Packaging. The move is seen as a positive step towards reinforcing their respective market positions and enabling them to better serve the evolving needs of the medical device sector.
Shawpak’s emergence as an independent entity signifies a pivotal moment in the companies’ shared history, emphasizing their commitment to growth and innovation within the competitive landscape of medical device packaging.
