Gryphon Investors is to make a strategic investment in Pacur, a Oshkosh, WI-based supplier of specialty plastic packaging materials for the medical device industry.
The terms of the deal were not disclosed.
Founded in 1979, Pacur is a supplier of extruded PETG sheet used principally to provide rigid, high-performance packaging for medical devices. The company also produces sheet for certain specialty graphics, pharmaceutical packaging, and food packaging applications. The management team, led by CEO Barry Johnson, will continue to manage the business and the Johnson family will remain significant owners of the company.
Based in San Francisco, Gryphon Investors is a private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management. The firm has managed over $5.0 billion of equity investments and capital since 1997. Gryphon targets making equity investments of $100 million to $300 million in portfolio companies with enterprise values ranging from approximately $100 million to $500 million.