Precision Concepts 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 Precision Concepts (formerly “IntraPac”) in December 2017.
Based in Mooresville, North Carolina, Precision Concepts 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, as well as a custom injection molder of plastic components. Precision Concepts' products are primarily sold to cutomers operating in the medical, pharmaceutical, personal care, household products, food and beverage, and nutraceutical industries. The company has approximately 1,500 employees with 12 manufacturing facilites located in Canada, the United States, Costa Rica, and the Dominican Republic.
ONCAP was attracted to Precision Concepts 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.