Palladium Equity Partners has acquired Accupac, a leading US provider of outsourced manufacturing and packaging solutions for the personal care and beauty markets, from J.H. Whitney Capital Partners.
WHO: Pennsylvania-based Accupac offers complex formulation capabilities specializing in liquid topical and oral care products, including skin creams, toothpastes, and other personal care products. Accupac’s manufacturing facilities are strategically located in Mainland, PA, and Lakewood, NJ, are FDA registered, and cGMP compliant.
Palladium is a middle-market private equity firm with approximately $3 billion in assets under management. The firm seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance, and operational oversight. Since its founding in 1997, Palladium has made 34 platform investments and over 135 add-on acquisitions.
IN THEIR OWN WORDS: “We look forward to partnering with the Accupac team and supporting the company’s continued growth,” Caleb Clark, Partner at Palladium, said in a statement. “We believe the company is uniquely positioned with opportunities to deepen its relationships with existing customers, penetrate new accounts through its unique innovation capabilities, develop new products, and drive growth in adjacent categories both organically and through M&A. We believe Accupac is a best-in-class operator in its space and we are excited to work with management to continue to drive the business.”
Bruce Wright, President and CEO of Accupac, said in a statement, “We are pleased to partner with Palladium Equity Partners in the next phase of our growth. We see significant opportunity to expand Accupac’s role in helping to build the world’s supply of personal care products, benefitting from our more than four decades of experience working with both leading brands in the industry as well as some exciting rapidly emerging brands through our innovation programs.”
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