IntraPac is a designer and manufacturer of specialty rigid packaging solutions.


US$120 million




December 2017 – Present


Ryan Mashinter
Stephen Marshall

IntraPac International image

Transaction Summary

ONCAP acquired IntraPac International Corporation ("IntraPac") in December 2017.

Business Description

Based in Mooresville, North Carolina, IntraPac is a designer and manufacturer of specialty rigid packaging solutions including sticks, jars, vials, closures, spouts, bottles, tubes and metered dose inhaler can coating services. IntraPac’s products are primarily sold to customers operating in the personal care, household products, food and beverage, and pharmaceutical industries. The company has more than 800 employees with ten manufacturing facilities located in Canada, the United States and Costa Rica. 

Investment Thesis

ONCAP was attracted to IntraPac for several reasons, including its: (i) strong underlying non-cyclical growth trends, (ii) leading positions within several niche markets, (iii) strong diversification across several metrics (customers, facilities, end market, manufacturing process, supplier, etc.), (iv) strong customer relationships, (v) talented management team that is keen to see the business continue its growth trajectory, and (vi) organic and acquisition growth opportunities to facilitate the entrance into new product categories, geographic expansion and added depth in existing product categories.