In its push to become a top-tier, mid-sized thermoformed package provider, Graham Partners (Newtown Square, PA) announced its second acquisition of a thermoformed packaging supplier in a month. Tray-Pak Corp., headquartered in Reading, PA, was acquired on a proprietary basis from an affiliate of Archbrook Capital Management LLC, which purchased the company in 2009 and will remain an investor in the business.
Tray-Pak has extensive in-house tooling that provides significant benefits, including product customization, rapid new product development and speed to market. It also brings the ability to prototype using 3D printing, which provides customers with quick turnarounds on new product designs. Graham also noted in its announcement that “Tray-Pak’s sophisticated operating capabilities have resulted in longstanding relationships with blue-chip customers and the ability to serve attractive end markets, such as food, confectionery and medical.”
Adam Piatkowski, Managing Principal at Graham Partners, stated: “Tray-Pak distinguishes itself from other thermoformers through its high-quality custom products, in-house tooling and design capabilities, and unparalleled knowledge of customer needs. Both Tray-Pak and Easy-Pak are well positioned to continue offering best-in-class service.”
Graham Partners announced the acquisition of Easy-Pak in late November. Easy-Pak, headquartered in Leominster, MA, is a thermoformed packaging provider with advanced operating capabilities, offering a wide range of packaging including round and square deli containers and fresh produce, bakery and herb containers.