Bemis has entered into an agreement to purchase SteriPack Group's medical device packaging operations and related value-added services.
The companies did not disclose the financial terms and other details of the transaction.
Under the deal, Bemis will acquire SteriPack’s facility in Ireland, and the packaging production assets in Malaysia and the US.
According to Bemis, the operations generated annual net sales of around $65m in last fiscal year.
Bemis president and CEO William Austen said: "This acquisition supports Bemis’ strategy to grow our healthcare packaging business.
"SteriPack’s strong customer relationships and modern clean room operations will complement our new and expanding global healthcare operations and will increase our capacity to meet the needs of the growing healthcare industry."
The deal is expected to complete by the end of this month.
SteriPack offers cleanroom sterile packaging solutions and contract manufacturing services to the medical device, pharmaceutical, and allied healthcare industries.
Now, the firm will continue to independently own and operate its contract manufacturing services business.
Bemis provides flexible and rigid packaging solutions to the food, consumer products, healthcare and other companies across the globe.