Captek Softgel International, a portfolio company of Swander Pace Capital since December 2015, has acquired J+D Labs Pharma Manufacturing.
J+D Labs is a contract manufacturer of more than 1,000 formulations of softgels, capsules, tablets and powders. The company has more than 300 employees and has a 135,000-square-foot facility which can fulfill orders ranging from 100,000 to one million softgels, capsules and tablets.
J+D Labs was founded in 1989 by husband and wife Kiran and Hema Majmudar and was named after their sons Jay and Dev. The company is based north of San Diego in Vista, CA (www.jdlabs.com).
Captek Softgel is a contract manufacturer and distributor of softgels for vitamin, mineral and supplement (VMS) brands. The company currently services more than 200 brands in 20 countries. Captek Softgel has encapsulation lines that operate 24/5 and are capable of producing over three billion softgels annually. The company’s facility has approximately 163,000 square feet of production, analytical laboratory, pilot laboratory, and warehousing space and is FDA registered, audited and compliant. Captek is led by its CEO David Wood and is headquartered south of Los Angeles in Cerritos, CA (www.capteksoftgel.com).
“We have long regarded J+D Labs’ reputation and the significance of what they bring to the table as a leader in the industry,” said Mr. Wood. “J+D Labs’ extensive experience manufacturing a wide-range of softgels, specialized tablets, capsules, and powder formulations was a perfect complement to Captek’s offerings.”
Swander Pace invests in middle-market consumer products companies including branded and non-branded manufacturers, marketers, and distributors that sell through a range of retail and institutional channels. The firm generally targets companies that have up to $500 million in revenues. The firm has raised over $1.3 billion of equity capital through five private equity funds and has led investments in more than 45 consumer products companies. Swander Pace was founded in 1996 and has offices in San Francisco; Bedminster, NJ; and near Toronto in Oakville, ON (www.spcap.com).
© 2017 Private Equity Professional | August 7, 2017
