HIG Capital sells portfolio company Accupac JH Whitney

HIG Capital sells portfolio company Accupac to JH Whitney

11:11 AM, 19th September 2017
HIG Capital logo

BOSTON, US: HIG Capital (HIG) said that it has sold its portfolio company Accupac Inc, (Accupac) to JH Whitney Capital Partners.

Accupac is a leading US provider of outsourced manufacturing and packaging solutions to the world’s largest pharmaceutical and over-the-counter (OTC) personal care product manufacturers.

The company is a specialist in liquid topical and oral care products, including skin creams, toothpaste, moisturizing lotions, mouthwash and other personal care products, many of which require FDA approval. All Accupac manufacturing facilities are FDA registered and cGMP compliant.

Through HIG’s partnership with Accupac’s leadership team, the Company made significant improvements in both operations and sales. During HIG’s investment period, Accupac implemented facility improvements to substantially increase and expand manufacturing capacity.

Furthermore, the company has driven significant growth with new and existing customers given Accupac’s unique ability to manufacture speciality products.

"We are proud of what we accomplished during our partnership with HIG Capital and we are excited to continue Accupac’s growth trajectory with our new partner JH Whitney Capital Partners. We believe that this transaction is the right step for Accupac to continue offering our customers superior quality products," said Paul Alvater, Accupac's CEO.

“Through substantial investment in people and facilities, with a constant focus on customers, Accupac has developed into a market leader. We look forward to seeing Accupac continue its successful growth with JH Whitney Capital Partners,” added John Von Bargen, a managing director of HIG Capital.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Hexion to increase prices for epoxy resins, BPA in US

COLUMBUS, US: Hexion Inc said that it will increase all off-list pricing for the following epoxy resins and bisphenol A (BPA) in North and South Ameri ...

Read more
Venator to close two pigments manufacturing sites in US

WYNYARD, UK: Venator Materials PLC (VNTR), a global manufacturer and marketer of chemical products intends to close its Easton (Pennsylvania ...

Read more
BASF, space agencies partner to develop UV rays mapping tool for plastics

LUDWIGSHAFEN, GERMANY: BASF SE has partnered with the German Aerospace Center (DLR) and NASA Goddard Space Flight Center on a new tool to maximize the ...

Read more
Ashland resumes operations in Texas following Harvey impact

COVINGTON, US: Ashland Global Holdings Inc (ASH) said that its manufacturing facilities in Texas City, Texas, and Marl, Germany, have resume ...

Read more
CB&I bags contract for Duqm Refinery project in Oman

THE WOODLANDS, US: A consortium between Chicago Bridge & Iron Company (CB&I) and Saipem SpA has been awarded a contract by Duqm Refinery and P ...

Read more
Tosoh to raise prices for ethyleneamines globally

TOKYO, JAPAN: Tosoh Corporation, the sole manufacturer of ethyleneamines in Japan, announced the increase of its prices for ethyleneamines globally. E ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X