IntraPac is a designer and manufacturer of specialty rigid packaging solutions, as well as a custom injection molder of plastic components

www.intrapacinternational.com/

Investment

US$118 million

Fund

ONCAP IV

Period

December 2017 – Present

ONCAP Team

Ryan Mashinter
Stephen Marshall

IntraPac International image

Transaction Summary

ONCAP acquired IntraPac International Corporation ("IntraPac") in December 2017.

Business Description

Based in Mooresville, North Carolina, IntraPac is a designer and manufacturer of specialty rigid packaging solutions including sticks, jars, vials, closures, spouts, bottles, tubes and metered dose inhaler can coating services, as well as a custom injection molder of plastic components. IntraPac’s products are primarily sold to customers operating in the medical, pharmaceutical, personal care, household products, food and beverage, and nutraceutical industries. The company has more than 950 employees with 12 manufacturing facilities located in Canada, the United States, Costa Rica, and the Dominican Republic. 

Investment Thesis

ONCAP was attracted to IntraPac for several reasons, including its: (i) strong underlying non-cyclical growth trends, (ii) leading positions within several niche markets, (iii) strong diversification across several metrics (customers, facilities, end market, manufacturing process, supplier, etc.), (iv) strong customer relationships, (v) talented management team that is keen to see the business continue its growth trajectory, and (vi) organic and acquisition growth opportunities to facilitate the entrance into new product categories, geographic expansion and added depth in existing product categories.