Comar acquires Universal Container Corporation
Manufacturing at Unicon’s facility will be expanded
US pharmaceutical packaging manufacturer Comar has acquired 100% of Universal Container Corporation’s (Unicon) assets from its current shareholders. The transaction includes the leased real estate, manufacturing equipment, plant operations, management and employees. The operations, product line, and customer base are a strong fit with Comar and manufacturing at Unicon’s facility will continue and will be expanded.
Based in Cayey, Puerto Rico, Unicon is a leading manufacturer of high quality injection moulded, injection blow moulded, and extrusion blow moulded parts and containers. Its primary end market is pharmaceutical packaging serving pharmaceutical companies, contract packers, and distributors.
The acquisition is the next step in Comar’s strategic plan, beginning with the divestiture of its glass vial product line, and focuses on organic growth and acquisitions within plastic pharmaceutical and medical packaging.
‘Unicon’s products, production capabilities and facility will complement and enhance Comar’s existing product lines and position the combined entity for future growth,’ said Mike Ruggieri, president of Comar, ‘This acquisition gives our business a high quality, redundant facility for production while also expanding our capacity to keep up with our rapid organic growth.’
