Comar acquires the Californian company Omega Packaging
Medical and healthcare packaging maker Comar LLC concludes a busy year of growth with an acquisition.
Comar, based in Voorhees, New Jersey, announced on Dec. 28 the purchase of Omega Packaging, an injection and blow molding machine based in La Mirada, Calif., That serves the pharmaceutical, nutraceutical, health and food industries. sports nutrition and skin care. Terms of the contract are not disclosed.
Omega Packaging, founded in 2012, manufactures caps and jars and has in-house tool manufacturing. The company uses high cavitation, fast cycle molds and fully electric molding machines.
The seller is the founder and president of Omega Packaging, Jack Oh. He “will remain invested in the company combined with his current position for a period of time during the onboarding and then move on to a part-time advisory position,” a Comar spokesperson said in an email.
According to Comar, Omega Packaging’s range of child resistant closures and precision mold manufacturing capabilities will advance Comar’s strategy to serve healthcare customers with a full complement of manufacturing capabilities. tailor-made and an expanded product portfolio.
Scott Conklin, executive vice president of sales and marketing at Comar, said in a press release that combining Omega Packaging’s product portfolio with Comar’s larger geographic network “will allow us to serve our customers over the health care, personal care, and food and beverage markets. in a new and exciting way. “
Comar CEO Mike Ruggieri added: “We are delighted 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 of bringing 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 launched into plastics in the 1990s and sold the glass business in 2007.
The company began to grow rapidly when it brought in private investors, initially Graham Partners in 2013 and Morgan Stanley Capital Partners in 2018. The Omega Packaging deal is backed by Morgan Stanley Capital Partners. The financing was led by Golub Capital Credit Opportunities with participation from Brightwood Capital and Everberg Capital.
Omega Packaging operates primarily from its Safe Quality Food (SQF) certified factory in La Mirada and ships products worldwide. Its products include child-resistant and continuous thread closures and single, thick and double wall jars.
The combined business will have 11 manufacturing plants and more than 1,100 employees, all located in the United States.
Comar does injection molding and blow molding. In recent years it has grown considerably, including building new factories in Rancho Cucamonga, Calif., And Vineland, New Jersey, as well as relocating to a new location in West Bend, NJ. Wisconsin.
Comar’s last acquisition was about two years ago, when it purchased iMark Molding in Woodville, Wisconsin, adding scientific molding expertise as well as customers in the medical diagnostics and surgical device industries.
Comar was a finalist for the Plastics News Processor of the Year Award 2020 and won the award PN Award of Excellence for Industry and Public Service.