GenNx360 Capital Partners has invested in contract packaging company Nutra-Med Packaging.
Nutra-Med provides packaging services to small and mid-sized businesses in the prescription and over-the-counter pharmaceutical, nutritional, and healthcare industries. The company’s services include bottling, blister packaging, child-resistant packing, secondary assembly capabilities including retail cartons and displays, and serialization to ensure packaging is compliant with FDA regulations.
Nutra-Med has more than 200 employees and more than 215,000 square feet of facilities in Whippany, New Jersey. The company was founded in 1999 by pharmacist Mahesh Gupta and post-closing will be led by his son, and current Vice President, Kunal Gupta, who becomes Nutra-Med’s new CEO.
“We are excited to partner with GenNx360, whose deep operational expertise and track record of building platforms will be a tremendous asset to us as we drive our next phase of accelerated growth,” said Mr. Gupta. “GenNx360’s investment in Nutra-Med will enable us to continue focusing on providing best-in-class services, with a track record of on-time delivery while ensuring quality, managing costs, and providing excellent customer service. We will continue to build our team and our services and expand our reach to serve more pharmaceutical, health and wellness and medical device customers.”
New York City-based GenNx360 invests from $25 million to $75 million in industrial and business services companies that have revenues from $75 million to $250 million and EBITDA from $8 million to $25 million.
“The team at Nutra-Med has built a strong packaging services platform achieving outsized growth while maintaining a strong commitment to quality and customer delivery in an industry that GenNx360 believes to be very attractive,” said Rishi Verma, a principal at GenNx360.
The buy of Nutra-Med is the sixth investment made by GenNx360’s third fund and follows its majority investment in Whitsons Culinary Group in September 2021. Nutra-Med is also the firm’s fourth packaging acquisition following the acquisitions of B2B Industrial Packaging and AMW Packaging Supply in October 2020 and the investment in Schneider Packaging Equipment in September 2019.
SVB Leerink was financial advisor to Nutra-Med and Goodwin Procter served as legal counsel. GenNx360 was advised by Morrison Cohen on this transaction.
© 2022 Private Equity Professional | February 15, 2022
GenNx360 Capital Partners has invested in contract packaging company Nutra-Med Packaging.
New York City-based 
“The team at Nutra-Med has built a strong packaging services platform achieving outsized growth while maintaining a strong commitment to quality and customer delivery in an industry that GenNx360 believes to be very attractive,” said Rishi Verma, a principal at GenNx360.
