HIG Capital (HIG) said that it has sold its portfolio company Accupac Inc, (Accupac) to JH Whitney Capital Partners.
Accupac is a leading US provider of outsourced manufacturing and packaging solutions to the world’s largest pharmaceutical and over-the-counter (OTC) personal care product manufacturers.
The company is a specialist in liquid topical and oral care products, including skin creams, toothpaste, moisturizing lotions, mouthwash and other personal care products, many of which require FDA approval. All Accupac manufacturing facilities are FDA registered and cGMP compliant.
Through HIG’s partnership with Accupac’s leadership team, the Company made significant improvements in both operations and sales. During HIG’s investment period, Accupac implemented facility improvements to substantially increase and expand manufacturing capacity.
Furthermore, the company has driven significant growth with new and existing customers given Accupac’s unique ability to manufacture speciality products.
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