Thermoforming Takes Clear Form with Graham’s Nu-est Investment
August 7th, 2018
Graham Partners, a private investment firm targeting industrial technology and advanced manufacturing companies, is pleased to announce its third investment in the thermoformed packaging space, Nuconic Packaging, LLC (“Nuconic”). This investment was completed less than a year after the acquisitions of Tray-Pak Corporation (“Tray-Pak”) and EasyPak, LLC (“EasyPak”), in an attractive niche that is benefiting from increasing consumer demand for sustainable packaging options and freshly prepared, on-the-go meals.
Nuconic’s innovative approach and customer focus will support Graham Partners’ 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 polyethylene terephthalate (PET) plastic packaging serving the food market, with a complementary product set to EasyPak and Tray-Pak. Nuconic 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.
Adam Piatkowski, Managing Principal at Graham Partners, states, “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.” Alan Franz, CEO of Nuconic, adds, “The Nuconic team is enthusiastic about our partnership with Graham Partners, and we look forward to the support they will bring to pursue further growth opportunities in this expanding market.”
About EasyPak / Tray-Pak
EasyPak, LLC is a leading thermoformed packaging provider focused on serving attractive healthy and natural food categories. Headquartered in Leominster, MA, EasyPak has extensive intellectual property, a history of innovation, and state-of-the-art operations. The company is differentiated in its focus on offering packaging made from 100% post-consumer recycled materials, among other value-added capabilities. Tray-Pak Corporation, headquartered in Reading, PA, has in-house tooling and 3-D printing capabilities that provide significant benefits including customization of products, rapid new product development and speed to market. Tray-Pak’s sophisticated operating capabilities have resulted in longstanding relationships with a blue-chip customer base and the ability to serve attractive end markets such as food, confectionery and medical.
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