BPOC, a pure-play healthcare investor, has made a strategic investment in Praxis Packaging Solutions, a provider of primary and secondary contract packaging services. Huizenga Group, which purchased Praxis in 2008, will retain a minority ownership in the firm.
Praxis delivers its services for over-the-counter and prescription pharmaceutical, medical device, animal health, and health and beauty industries. The firm offers primary solid and liquid filling, secondary packaging, repackaging, serialization and labeling services. The deal is intended to expand sales and marketing teams while broadening its service offering.
“For over 30 years, Praxis has provided flexible, high-quality contract packaging services across the healthcare sector,” said Adam Hentze, principal at BPOC. “BPOC is excited to partner with the company’s proven management team and John Lowry to enhance Praxis’ unique market position and capabilities.”