M&As: Graham buys thermoforming firm Nuconic; Trelleborg acquires US healthcare components maker

US-based Graham Partners, a private investment firm targeting industrial technology and advanced manufacturing companies, has entered into its third investment in the thermoformed packaging space with its acquisition of Nuconic Packaging. This investment was completed less than a year after the acquisitions of Tray-Pak Corporation and EasyPak, in what it says is an attractive niche that is benefiting from increasing consumer demand for sustainable packaging options and freshly prepared, on-the-go meals.

Graham says Nuconic’s innovative approach and customer focus will support its strategy to build a nationwide, top tier, mid-sized packaging provider, in combination with Tray-Pak and EasyPak. Located in Vernon, CA, Nuconic is a supplier of thermoformed PET packaging serving the food market, with a complementary product set to EasyPak and Tray-Pak. Nuconic it says brings a unique approach to product and tool design, which will allow the combined platform to deliver an expanded offering to the market. Additionally, Nuconic expands the combined company’s footprint to the West Coast, which is expected to be a key growth area moving forward.

In other news, Swedish sealing specialist Trelleborg has, through its Trelleborg Sealing Solutions business area, acquired Sil-Pro, a US-based privately owned contract manufacturer of high-tolerance silicone and thermoplastic components that also offers assembly for medical devices. The company specialises in applications mainly for medical technology original equipment manufacturers (OEMs). Trelleborg says the acquisition complements and broadens its current offering in the healthcare & medical industry. Completion of the transaction is subject to the approval of the relevant authorities.

Sil-Pro has its head office and production facility in Delano, Minnesota, in the US. Total sales amounted to about SEK350 million in 2017. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.

“This acquisition complements our existing offering and expands our product range in such areas as drug delivery and surgical tools. The company is well-reputed with first-rate quality systems and cleanroom standards. Its expertise and capacity within tool making is a welcome addition to our current operation,” says Peter Hahn, President of the Trelleborg Sealing Solutions business area.

The transaction is expected to be finalised in the beginning of the first quarter of 2019.

(PRA)

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