Graham Partners adds another thermoformer to portfolio

M&AOn Aug. 8, Graham Partners (Philadelphia, PA) announced its third investment in the thermoformed packaging space with the acquisition of Nuconic Packaging LLC (Vernon, CA). This investment was completed less than a year after the acquisitions of Tray-Pak Corp. (Reading, PA) and EasyPak LLC (Leominster, MA). This attractive niche market is benefitting from increasing consumer demand for sustainable packaging options and freshly prepared, on-the-go meals, said Graham Partners of the latest acquisition.

Nuconic is a supplier of thermoformed polyethylene terephthalate (PET) packaging serving the food market, a product line that complements EasyPak and Tray-Pak. Nuconic brings a unique approach to product and tool design, said Graham Partners, which will allow the combined platform to deliver an expanded offering to the market. The company’s innovative approach and customer focus will support Graham Partners’ strategy of building a nationwide, top-tier, mid-sized packaging provider. Additionally, Nuconic expands the combined company’s footprint to the West Coast, which is expected to be a key growth area moving forward. 

Adam Piatkowski, Managing Principal at Graham Partners, stated, “Graham Partners is very excited to partner with the Nuconic team, led by industry veteran Alan Franz. The company has experienced strong growth driven by a strategic market focus and strong customer relationships, and we have identified significant synergies due to the expanded geographic coverage and capabilities of the combined platform.”

Graham Partners is a private investment firm focused on businesses with advanced industrial technologies, innovative product offerings and strong growth potential. Graham Partners targets companies with EBITDA between $5 million and $50 million, and will invest in smaller companies to the extent they complement one or more of its other holdings.

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