Rigid packaging solution provider Precision Concepts International has acquired Miami, Florida-based C&G Packaging (C&G).
Founded in 2015, C&G is an injection-blow moulding manufacturer of polyethylene terephthalate (PET) containers and jars for the pharmaceutical, nutritional, food and beverage markets.
The company offers a portfolio of stock containers ranging from 16oz to 128oz in various shapes and colours.
C&G is located in Southeast Florida and supplies products to customers across the US and Canada.
Financial terms of the transaction have not been disclosed.
Precision Concepts CEO Ray Grupinski said: “We are thrilled to be partnering with one of Florida’s premier providers of PET containers. This acquisition extends our footprint in the southeast and continues our strategy of partnering with world-class, founder-led businesses.”
Following the acquisition, C&G will continue to be led by existing leadership team.
Precision Concepts is investing to expand the company’s manufacturing operation in Miami.
In addition, C&G’s existing and prospective customers will have access to Precision Concepts’ manufacturing facilities across the US, Canada, and Latin America.
C&G CEO Arnold Coburn said: “As we continue to invest in capacity and expand production, we knew it was important to find a partner who shared our values and could support our next phase of growth.
“Precision Concepts’ commitment to customer service and quality perfectly aligns with C&G’s core values. We are incredibly excited about the growth opportunities that lie ahead.”
Based in Mooresville, North Carolina, Precision Concepts manufactures sticks, jars, vials, closures, spouts, bottles, tubes for medical, pharmaceutical, personal care, food and beverage and nutraceutical industries.