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Palladium Equity Partners Acquires Packaging Solutions Provider Accupac

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Private equity firm Palladium has acquired Accupac, a packaging solutions provider serving the personal care and beauty markets.

Private equity firm Palladium Equity Partners, LLC has announced the acquisition of personal care and beauty packaging solutions provider Accupac, Inc.

Pennsylvania-headquartered Accupac, which specializes in liquid topical and oral care products, including skin creams and toothpaste, generated revenues of more than $200 million in 2019.

Accupac is distinguished by its R&D and quality assurance expertise, as well as its long-term relationships with established/emerging consumer packaged goods brands. Its manufacturing facilities, located in Mainland, Pennsylvania, and Lakewood, New Jersey, are FDA registered and cGMP compliant.

The transaction terms were not disclosed. Lincoln International, LLC served as Accupac’s financial advisor and Gibson, Dunn & Crutcher LLP served as its legal advisors. Houlihan Lokey served as a financial advisor for Palladium and Greenberg Traurig, LLP served its legal advisors.

“We look forward to partnering with the Accupac team and supporting the company’s continued growth,” said Caleb Clark, a partner at Palladium. “We believe the company is uniquely positioned with opportunities to deepen its relationships with existing customers, penetrate new accounts through its unique innovation capabilities, develop new products, and drive growth in adjacent categories both organically and through M&A. We believe Accupac is a best-in-class operator in its space and we are excited to work with management to continue to drive the business.”

“We are pleased to partner with Palladium Equity Partners in the next phase of our growth,” Accupac president and CEO Bruce Wright said. “We see significant opportunity to expand Accupac’s role in helping to build the world’s supply of personal care products, benefitting from our more than four decades of experience working with both leading brands in the industry as well as some exciting rapidly emerging brands through our innovation programs.”