Medical and health care packaging maker Comar LLC is wrapping up a busy year of growth with an acquisition.
Voorhees, N.J.-based Comar announced Dec. 28 that it has purchased Omega Packaging, a La Mirada, Calif.-based injection and blow molder that serves the pharmaceutical, nutraceutical, sports nutrition and skin care markets. Terms of the deal were not disclosed.
Omega Packaging, founded in 2012, makes closures and jars and has in-house toolmaking. The company uses high-cavitation, fast-cycling molds and all-electric molding machines.
The seller is Omega Packaging founder and President Jack Oh. He will "remain invested in the combined company in his current position for some time during the integration and then move to a part-time advisory position," a Comar spokeswoman said in an email.
According to Comar, Omega Packaging's line of child-resistant closures and precision mold building capabilities will advance Comar's strategy to serve health care customers with a full complement of custom manufacturing capabilities and an expanded product portfolio.
Scott Conklin, executive vice president of sales and marketing for Comar, said in a news release that pairing Omega Packaging's product portfolio with Comar's larger geographic network "will enable us to serve our customers in the health care, personal care, and food and beverage markets in new and exciting ways."
Comar CEO Mike Ruggieri added: "We are thrilled to welcome the Omega team to the Comar family. Omega Packaging has a distinct reputation for customer responsiveness and creative problem solving that aligns exceptionally well with Comar's mission to bring transformative packaging and medical solutions to market."
Comar was founded in 1949 by Ruggieri's grandfather, and the company was originally a glass manufacturer. It moved into plastics in the 1990s and sold the glass business in 2007.
The company started to expand rapidly when it brought in private equity investors, initially Graham Partners in 2013, and Morgan Stanley Capital Partners in 2018. The Omega Packaging deal is backed by Morgan Stanley Capital Partners. Financing was led by Golub Capital Credit Opportunities with participation from Brightwood Capital and Everberg Capital.
Omega Packaging primarily operates out of its Safe Quality Food (SQF)-certified facility in La Mirada and ships products globally. Its products include child-resistant and continuous thread closures and single, thick and double-wall jars.
The combined company will have 11 manufacturing facilities and more than 1,100 employees, all in the United States.
Comar does injection molding and blow molding. In the past few years, it has expanded significantly, including building new plants in Rancho Cucamonga, Calif., and Vineland, N.J., plus moving into a new location in West Bend, Wis.
Comar's last acquisition came about two years ago, when it purchased iMark Molding in Woodville, Wis., adding scientific molding expertise plus customers in the medical diagnostic and surgical device sectors.
Comar was a finalist for the Plastics News 2020 Processor of the Year award, and won the PN Excellence Award for industry and public service.