Graham Partners is investing in a California-based custom and stock PET container maker.
VPET USA LLC is a blow molder specializing in wide-mouth food and beverage containers, the investment firm said.
"Graham's investment thesis for VPET is premised on coupling the company's stable, diversified base business with a multitude of value creation opportunities to catalyze growth," Adam Piatkowski, managing principal at Graham Partners, said in a statement.
Steven Graham, CEO at Newtown Square, Pa.-based Graham Partners, also pointed to "operational and growth opportunities at VPET" in an announcement about the investment.
The Fontana, Calif.-based company is "is benefiting from multiple conversion-driven growth catalysts, including brand proliferation in the food and beverage industry, growth in the direct-to-consumer and e-commerce channels, and the continued conversion to PET for wide-mouth packaging," Graham said in its statement.
Graham specifically pointed to VPET's short lead times in providing packaging to its customers. In addition to blow molding, the company added in-house PET preform production in 2018.
Along with California, the company has manufacturing locations in Texas and Illinois. VPET also has in-house manufacturing plants in various locations across the globe, according to its website.
Graham Partners also pointed to VPET's modern equipment, comprehensive mold library, capacity and flexible manufacturing approach as reasons why it was attracted to that firm.