Comar, a designer and manufacturer of plastic packaging, has been acquired by Graham Partners.
Comar is a designer and manufacturer of packaging and liquid dispensing products serving the pharmaceutical, diagnostic, health, and personal care markets. Major products include oral dispensers, dropper assemblies, dosing devices, closures, bottles, and other custom pharmaceutical and healthcare products. Comar was founded in 1949 and has manufacturing locations in Buena, NJ (headquarters) and Cayey, Puerto Rico (www.comar.com).
“We are excited to partner with the Comar team and look forward to utilizing Graham’s industry knowledge to build on Comar’s strong capabilities and take the company to the next level of growth and expand its geographical footprint,” said Adam Piatkowski, Managing Principal of Graham Partners.
P&M Corporate Finance (www.pmcf.com) served as financial advisor to Comar on this transaction. P&M will continue to assist the company in pursuing add-on acquisitions in both North America and Europe.
“For over sixty years, Comar has been family-owned and focused primarily in North America. As we look to the future, our strategic plans include geographical expansion to serve our customers on a more global scale, as well as continuing to strengthen our leadership position in North America. We are very excited about our new partnership with Graham, who brings significant experience in plastic packaging and leading companies through international expansion,” said Michael Ruggieri, President and CEO of Comar.
Mr. Ruggieri will continue to lead Comar as its President and CEO and will remain a significant Comar shareholder.
Graham Partners seeks to acquire industrial companies with revenues between $30 million and $500 million that participate in manufacturing niches where it can leverage its combination of operating resources and financial expertise. The firm is sponsored by the Graham Group, an industrial and investment concern with interests in plastics, packaging, machinery, building products and outsource manufacturing. Graham Partners was founded in 1988 and is headquartered in Philadelphia (www.grahampartners.net).
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-24-13
