Middle-market private equity firm Quad-C has made an investment in Inmark Packaging. The target is in line with Quad-C’s core sectors, which are packaging, specialty distribution and healthcare, the company says.
Charlottesville, Virginia-based Quad-C’s earlier deals in the packaging sector includes Technimark, which it sold to fellow PE firm Pritzker Group Private Capital in April 2014. Terms of the Inmark purchase have not been disclosed.
Atlanta, Georgia,-based Inmark serves customers in North America, Europe and Asia. Its sweet spot is rigid container packaging; the company designs and distributes life sciences packaging solutions for specimen transport, temperature-controlled and dangerous goods applications. Inmark also offers online dangerous goods regulatory compliance training.
M&A deals in the packaging sector have seen a fair amount of play in recent months. March began with Toronto-based labeling and packaging company CCL Industries Inc. plans to purchase retail security tags maker Checkpoint Systems Inc. (NYSE: CKP) for $443 million. Also, in December, paper distributor WestRock Co. (NYSE: WRK) announced plans to acquire the packaging division of Cenveo Inc.’s (NYSE: CVO) packaging division and Charter Nex Films Inc. purchased plastic film maker Optimum Plastics Inc..