Pritzker Group Acquires TechnimarkTuesday, April 29, 2014
Pritzker Group Private Capital has acquired custom packaging company Technimark.
Pritzker Group Private Capital, based in Los Angeles and Chicago, said Monday that the family of company’s founder, Donald Wellington, will continue to run the Asheboro, N.C., company. Technimark operates nine facilities in the United States, Mexico, Germany and China.
Financial terms were not disclosed. Pritzker Group bought the company from Quad-C Management in Charlottesville, Va.
“Our acquisition of Technimark exemplifies Pritzker Group Private Capital’s strategy of investing in clear market leaders with excellent management teams and attractive growth prospects,” Tony Pritzker, Pritzker Group managing partner, said in a statement.
Pritzker Group Private Capital is an arm of Pritzker Group, led by billionaire investors Tony and J.B. Pritzker.