Mölnlycke Health Care
Mölnlycke Health Care is a Swedish medical device company headquartered in Gothenburg and active internationally. The company manufactures and sells wound care and single-use surgical products and is a service provider to the healthcare sector. The surgical division includes medical devices such as drapes, gowns, facemasks, and headwear. The wound care division includes dressings, compression products and skin care products and emollients.
History, mergers and acquisitions
The company was founded in 1849 by Gustaf Ferdinand Hennig in Mölnlycke as a textile manufacturer. In the 1940s Mölnlycke began supplying the health care industry with products, such as gauze.1968 Mölnlycke AB acquired Norwegian hygiene product company SABA.
1975 Mölnlycke AB was acquired by Svenska Cellulosa Aktiebolaget (SCA) (publ) where it made up their Clinical division. At that time SCA was known as Bowater-Scott, and the new company, called Sancella Pty Limited, manufactured personal care products.
1997 SCA sold the Clinical products division to Nordic Capital who merged it with Kolmi-Set acquired by Tamro and named it Mölnlycke Health Care AB. Mölnlycke Health Care started operations as an independent company in 1998.
2001, Mölnlycke Health Care acquired the single-use surgical BARRIER product line from Johnson & Johnson.
2005 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.
2007 Apax Partners sold Mölnlycke Health Care Group to Investor AB and Morgan Stanley in January 2007.
2008 Mölnlycke Health Care acquired Pharmaset in October 2008, a French manufacturer of surgical single-use kits.
2009 The company acquired JKT, a Polish manufacturer of surgical disposable products.
2010 The company acquired Rynel, Inc. in January 2010, an American manufacturer of hydrophilic polyurethane foam.
- Investor AB acquired Morgan Stanley Principal Investments' stake in Mölnlycke Health Care in August 2010. The acquisition made Investor AB a 96% owner in the company. The remaining 4% is owned by management.
2012 The company acquires assets of Brennen Medical associated with their business in Burn and Wound Care.
- The company acquires WoundEL from Gerromed GmbH.
- Mölnlycke Health Care establishes the subsidiary Mölnlycke Health Care Scotland Ltd.
2014 The company announced its expansion plans for its Wiscasset, Maine, manufacturing facility in January 2014.
2020 CEO Richard Twomey announced his departure after six years with the organization.