Specialty plastic packaging maker IntraPac Group Inc. was bought by private investment firm CI Capital Partners. The terms were not disclosed.
In conjunction with the transaction, Thomas Linton, formerly the president of North American Packaging Corp. (NAMPAC), will become CEO of IntraPac.
"We're quite excited about the acquisition; we always find the packaging sector is a very attractive segment," Tom Ritchie, managing director of CI Capital Partners, told PlasticsToday. "What particularly attracted us was that the company maintains a very broad set of packaging offerings, which gives us a base to assume additional acquisitions."