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Puerto Rico-based packager to enhance Comar offerings, range.
April 22, 2010
By: Tim Wright
Editor-in-Chief, Contract Pharma
Comar, Inc. has acquired Universal Container Corp. (Unicon). Based in Cayey, PR, Unicon is a manufacturer of high quality injection molded, injection blow molded, and extrusion blow molded parts and containers.Comar, based in Buena, NJ, is a manufacturer of proprietary pharmaceutical packaging with a focus on the liquid medication delivery device market.The transaction closed on April 16, 2010; terms were not disclosed. Unicon’s primary end market is pharmaceutical packaging serving pharmaceutical companies, contract packagers and distributors. The acquisition includes leased real estate, manufacturing equipment, plant operations, management and employees. Unicon’s facility will be expanded, according to a Comar statement. The acquisition is the next step in Comar’s strategic plan, which began with the sell-off of its glass vial product line, and focuses on organic growth and acquisitions within plastic pharmaceutical and medical packaging. Mike Ruggieri, president of Comar, commented, “Unicon’s products, production capabilities, and facility will complement and enhance Comar’s existing product lines and position the combined entity for future growth.Unicon is a perfect fit for our business. We are excited to welcome Unicon’s staff and customers to the Comar family. 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. Unicon’s and Comar’s customer base will benefit from the choices offered by our combined, expanded product line.”
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