Graham Partners has acquired EasyPak, a thermoformed packaging provider to companies operating in the healthy and natural food markets.
EasyPak is a thermoformed packaging provider of simple single-material clamshell-type deli containers to more complex multi-layer-material MAP containers (modified atmosphere packaging or MAP enables fresh and minimally processed packaged food products to maintain visual, textural and nutritional appeal). The company’s products are made from traditional plastic polymers as well as from 100% post-consumer recycled materials.
EasyPak was founded in 2004 by Hector Echaniz and Marco Barbier and is headquartered near Boston in Leominster, MA (www.easypak.net).
“EasyPak is a strategic fit for the Graham portfolio due to our historical packaging expertise and related industry focus,” said Adam Piatkowski, a Managing Principal at Graham Partners. “The company has strong overlap with Graham’s packaging industry experience and end market overlap with other Graham portfolio companies in the natural foods industry. We have identified several opportunities to scale the business, while still maintaining its focus on customer service and technical excellence.”
According to Graham, thermoformed packaging is an attractive market to invest in with growth driven by increasing demand for sustainable packaging options and consumer preferences for freshly prepared, on-the-go meals.
Graham Partners acquires companies with EBITDA between $5 million and $50 million and will invest in smaller companies as add-on acquisitions to existing portfolio companies. The firm is sponsored by the Graham Group, an industrial and investment concern with interests in plastics, packaging, machinery, building products and outsourced manufacturing. Graham Partners was founded in 1988 and is headquartered in Philadelphia (www.grahampartners.net).
According to Graham, thermoformed packaging is an attractive market to invest in with growth driven by increasing demand for sustainable packaging options and consumer preferences for freshly prepared, on-the-go meals.
“Graham’s history uniquely qualifies them to assist us in growing our company,” said Marco Barbier, Managing Partner of EasyPak. “We are looking forward to collaborating with the Graham team and tapping into their industry and operational resources to enhance and grow EasyPak.”
© 2017 Private Equity Professional | November 27, 2017
