US private equity firm SK Capital Partners (New York, New York; www.skcapitalpartners.com) has purchased a majority interest in compatriot company Lacerta Group (Mansfield, Massachusetts; www.lacerta.com), a designer and manufacturer of speciality thermoformed packaging primarily for the food sector. SK Capital’s investment seeks to further spur business at Lacerta, which has grown 25% annually since 2013. Financial terms of the deal were not announced; Lacerta co-founders Ali Lotfi and Mory Lotfi are to retain a significant ownership stake in the company.

Lacerta offers a comprehensive range of custom PET packaging products, including tamper-evident products sold under its “Fresh N’ Sealed” brand. The majority of Lacerta’s products are said to be 100% recyclable and can be made with up to 100% recycled content. And in response to the pandemic, Lacerta also developed a PET face shield for healthcare and retail workers.

The company operates four facilities in Mansfield and one in Chatsworth, California. It is said to offer a complete range of manufacturing and in-house services, including concept development, prototyping and mould making, extrusion, thermoforming, printing and quality assurance.

SK Capital recently announced plans to acquire French extrusion blow moulder Ipackchem (see Plasteurope.com of 21.12.2020) and said it completed the purchase of shares of UK-based titanium dioxide pigment producer Venator held by speciality chemicals group Huntsman (see Plasteurope.com of 07.01.2021).