North American private investment firm CI Capital Partners has acquired The IntraPac Group, a Toronto, Ontario-based specialty plastic packaging company providing a broad array of packaging solutions to the personal care and pharmaceutical markets, for an undiscosed amount.
In conjunction with the transaction, Thomas K. Linton, formerly the President of North American Packaging Corporation (NAMPAC), will become CEO of IntraPac. According to him, the investment will enable the company to create and deliver even more value to its existing customers as well as secure new ones.
GE Antares Capital, BMO Capital Markets, Madison Capital Funding LLC and Audax Mezzanine provided financing for the transaction.
IntraPac manufactures and markets specialty plastic packaging, focused on the personal care and pharmaceutical markets, as well as food, beverage, and household and industrial chemicals. Oroduct offering includes personal care and amenity bottles, single and double-walled jars, injection molded caps and closures, laminate tubes, tin tubes, deodorant stick canisters, and other specialty rigid plastic packaging products.
The company currently employs over 750 people in eight production facilities across North and Central America, and serves over 400 customers worldwide.