American Securities has invested in r-pac International, a provider of branded packaging, trims, sensor technologies and supply chain solutions for retailers, mass merchandisers, and brands.
The company, which was founded in 1987, specializes in designing and manufacturing packaging and trims for itams including apparel and footwear, electronics, home bed and bath, home décor, beauty, patio, and garden.
It also produces RFID-enabled tags, stickers, and labels and provides related tracking software to aid in-store inventory accuracy.
American Securities said r-pac had more than doubled its revenue over the last five years, and outgrown the broader market it serves.
Firm managing director Mark Lovett said, “r-pac’s combination of manufacturing excellence, customer-centric business model, and best-in-class technology delivers an exceedingly strong value proposition to customers and has positioned the company well for future growth.”
American Securities stormed to a $7bn hard cap close for its eighth flagship fund in 2018, less than six months after launching the vehicle.
The raise continued a powerful capital collecting spree for the firm, which only closed its predecessor vehicle two years earlier on $5bn.
American Securities initially hoped to trump that total with Fund VIII by gathering $6bn, but raced past that figure thanks to an expanded LP base, the firm said.
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