Bear Stearns Merchant Banking announced the acquisition of The John Henry Company, the specialty printing and packaging company serving the pharmaceutical, horticulture and floriculture markets. The company employs more 1,000 people with facilities throughout the United States.
"This is another important step in our mission to best serve the global needs of our customers and continue to be a leader in our industry while providing a rewarding workplace for our employees," said Shahriar Ghoddousi, CEO and president of John Henry. "We believe our relationship with Bear Stearns Merchant Banking is ideal for building an even stronger position within our industry."
"We are excited about this partnership," said Phil Carpenter, managing director of Bear Stearns Merchant Banking. "John Henry has distinguished itself by providing its customers with high levels of service and quality combined with a track record of innovation. The company is well positioned within the specialty printing and packaging industries, areas which we believe offer compelling investment opportunities. We look forward to supporting John Henry's continued growth."
The John Henry Company manufactures a full line of packaging components for the healthcare consumer market, predominantly for over-the-counter pharmaceuticals and medical devices. Its grower division manufactures and sells over two billion grower tags annually for flowers, trees and shrubs, which display a picture of the plant and information about variety and care.