Graham Partners has acquired VPET USA, a manufacturer of custom and stock polyethylene terephthalate (PET) plastic containers.
VPET products are used for packaging in the food and beverage products sectors and the company specializes in the wide-mouth PET food packaging segment. The company’s products have neck sizes from 20 to 157 millimeters and weights from 8 to 280 grams.
VPET was founded in 2001 and the company has three manufacturing plants in Fontana, CA (headquarters); Garland, TX; and Romeoville, IL with a combined 592,000 sq. ft. of production space (www.vpetusa.com).
“Graham’s investment thesis for VPET is premised on coupling the company’s stable, diversified base business with a multitude of value creation opportunities to catalyze growth,” said Adam Piatkowski, a managing principal at Graham Partners. “We are looking forward to supporting the strong team at VPET with our packaging expertise and network of industry experts to amplify the company’s performance.”
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’s historical packaging experience and manufacturing know-how, coupled with the operational and growth opportunities at VPET, make this a very attractive acquisition for Graham Partners,” said Steven Graham, CEO of Graham Partners.
Graham Partners was founded in 1988 and is headquartered in Philadelphia (www.grahampartners.net).
© 2019 Private Equity Professional | September 25, 2019
