ONCAP acquires IntraPac from CI Capital Partners

ONCAP, the mid-market arm of Canadian private equity firm Onex Corp, has acquired IntraPac International Corp, a Mooresville, North Carolina-based maker of rigid packaging solutions. ONCAP IV, which raised US$1.1 billion last year, invested US$120 million in the undisclosed deal and will support IntraPac's organic and acquisition-led growth. The seller is CI Capital Partners, which acquired the company in 2012. Founded in 2003, IntraPac operates nine production facilities in Canada, the United States and Costa Rica, and sells its products to customers in the personal care, household products, food and beverage, and pharmaceutical sectors.

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