Cantel Medical Corp., a Little Falls-based medical equipment producer and seller, announced Wednesday it has sold its specialty packaging business to Inmark LLC, a global packaging and service company.
"The sale of our Saf-T-Pak business enables Cantel Medical to better focus on our core markets and strategic opportunities. Specialty packaging no longer fits our strategic growth objectives," Andrew Krakauer, CEO of Cantel Medical, said in a prepared statement. "We thank the employees of Saf-T-Pak for their dedicated service and we wish them success."
The proceeds from this transaction are expected to be approximately $7 million after tax.