Investment firm Graham Partners continues to grow its platform of blow molding businesses, acquiring Paradigm Packaging Inc., a vitamin, nutritional, over-the-counter drug and pharmaceutical bottle and jar producer.
Paradigm will join blow molder Scandia Plastics LLC under Graham's ownership.
Terms of the deal were not disclosed, but Graham Partners said in a news release that the acquisition was part of a plan to identify partners within the blow molding packaging platform. It said that Paradigm expands the platform’s geographical footprint and provides access to new customers in high-growth markets.
Paradigm is headquartered in Saddle Brook, N.J, but has also manufacturing plants in Rancho Cucamongo and Upland, Calif.; and a site in West Valley City, Utah. In the latest Plastics News blow molding rankings, Paradigm had an estimated $65 million in sales.
Scandia, which was acquired by Graham Partners in 2012, was founded in 1979 and is headquartered in Sheboygan, Wis. It specializes in blow molded bottles, containers and light industrial parts. Its end markets include medical diagnostics, healthcare, household and industrial chemicals.
“Paradigm opens the door to a variety of cross-selling and synergistic opportunities,” said Graham Partners managing principal Adam Piatkowski, in a statement.
Robert Donnahoo, president of Paradigm, said in a release that all sales and customer contacts for Paradigm will remain unchanged.
The combined companies have experience in injection blow molding, injection stretch blow molding, extrusion blow molding and injection molding.
Graham Partners is based in Philadelphia. Founded in 1988, it has closed more than 60 acquisitions, joint ventures, refinancing and divestitures.