IntraPac is a designer and manufacturer of specialty rigid packaging solutions, as well as a custom injection molder of plastic components
December 2017 – Present
ONCAP acquired IntraPac International Corporation ("IntraPac") in December 2017.
Based in Mooresville, North Carolina, IntraPac is a designer and manufacturer of specialty rigid packing solutions including sticks, jars, vials, closures, spouts, bottles, tubes and metered dose inhaler can coating services, as well as a custom injection molder of plastic components. IntraPac's products are primarily sold to customers operating in the medical, pharmaceutical, personal care, household products, food and berverage, and nutraceutical industries. The company has approximately 1,500 employees with 12 manufacturing facilities located in Canada, the United States, Costa Rica, and the Dominican Republic.
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.