Another company that uses RPET in thermoform packaging has been acquired by Graham Partners, a Philadelphia-based private investment firm.
Less than a month ago, Graham Partners announced it has invested in EasyPak, a Massachusetts thermoform packaging producer that uses RPET. On Dec. 7, Graham Partners announced its acquisition of Tray-Pak, a Pennsylvania-based company.
Graham Partners acquired Tray-Pak from Archbrook Capital Management, which acquired the company in 2009 and will remain an investor in it. Tray-Pak makes packaging with a range of recycled content, including up to 100 percent RPET.
“We are excited to be a part of the Graham team and leverage their expertise in the packaging space, and we have already identified several game changing opportunities for Tray-Pak and our customers,” Scott Myers, CEO of Tray-Pak, stated in a press release.
Financial terms of the deal were not disclosed. Graham Partners is linked to the second largest blow molder in North America, Graham Packaging.
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