Graham Partners acquires fourth thermoforming company

Mergers and acquisitionsGraham Partners (Newtown Square, PA) has scooped up another thermoforming company, its fourth acquisition in this space. The private equity firm focused on industrial technology and advanced manufacturing companies announced the acquisition of James L. Villa Inc. (Oldsmar, FL) on April 10. This follows the acquisition of platform company EasyPak near the end of 2017 and subsequent add ons Tray-Pak Corp. and Nuconic Packaging LLC.

Graham Partners said that it considers thermoformed packaging to be an attractive niche market that is benefiting from increasing consumer demand for sustainable packaging options and freshly prepared, on-the-go meals.  

James L. Villa is a third-generation family owned and operated business that specializes in custom thermoformed and injection molded packaging for fresh food products in supermarkets. The addition of that business will enable EasyPak to strategically expand into the southeast while providing additional customization capabilities and scale to EasyPak's business, said the company.

“James L. Villa boasts an impressive roster of loyal, long-term customers in the grocery channel,” said Dave Furstoss, CEO of EasyPak, adding, “we are excited to partner with the business to expand our thermoformed platform presence in the southeast."

"We initially acquired EasyPak with the intention to build a top-tier mid-sized thermoformer,” said Steven Graham, CEO of Graham Partners. “With three subsequent complementary acquisitions completed to date, we are well on our way to achieving this vision."

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