HIG Capital Sells Portfolio Company Accupac to JH Whitney

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.

"We are proud of what we accomplished during our partnership with HIG Capital and we are excited to continue Accupac’s growth trajectory with our new partner JH Whitney Capital Partners. We believe that this transaction is the right step for Accupac to continue offering our customers superior quality products," said Paul Alvater, Accupac's CEO.

“Through substantial investment in people and facilities, with a constant focus on customers, Accupac has developed into a market leader. We look forward to seeing Accupac continue its successful growth with JH Whitney Capital Partners,” added John Von Bargen, a managing director of HIG Capital.