Lewis & Clark Capital Expands Manufacturing Portfolio with Acquisition of ChemRite CoPac
Lewis & Clark Capital, a St. Louis-based private investment firm, has announced that its portfolio company, CMS, LLC, has acquired ChemRite CoPac, a contract manufacturer based in Lannon, Wisconsin. ChemRite CoPac specializes in formulation, blending, filling, and packaging services for liquids, creams, and pastes, operating from FDA-registered facilities. The financial terms of the transaction were not disclosed.ChemRite CoPac
This acquisition marks the second for CMS, LLC, which was established in 2023 with a focus on contract manufacturing opportunities, particularly in liquid fill operations. CMS previously acquired PCI, LLC in late 2023, demonstrating its commitment to building a robust manufacturing services platform in North America.
Lewis & Clark Founded in 1976, ChemRite CoPac has built a reputation for quality and customer satisfaction, emphasizing integrity and continuous improvement. The company’s dedication to these principles has fostered long-standing partnerships with key customers across various industries, including automotive, household products, institutional, personal care, and pet care.ChemRite CoPac
Will Davis, Chief Executive Officer of CMS, LLC, expressed enthusiasm about the acquisition, stating, “We are excited to add the capabilities of ChemRite to better serve our customers through an expanded offering of formulation, blending, and packaging capabilities. This acquisition continues our vision of building a world-class manufacturing services business to serve the North American market.”
Tim Spihlman, Managing Director at Lewis & Clark Capital, added, “We are happy to provide our CMS management team with further resources to accelerate the strong growth trajectory the company is on. Further, we are proud to continue to have the ChemRite CoPac facility managed by the family that initially founded the business and created a strong foundation for us to grow from.”
ChemRite CoPac’s comprehensive services include formulation development, blending and filling, and packaging solutions tailored to meet clients’ unique needs. The company’s commitment to regulatory compliance and innovative processes ensures product safety and quality across all industries served.ChemRite CoPac
With this acquisition, CMS, LLC aims to leverage ChemRite CoPac’s established expertise and customer relationships to enhance its service offerings and expand its footprint in the contract manufacturing sector. The continued involvement of ChemRite’s founding family in managing the facility underscores a commitment to preserving the company’s legacy while driving future growth.
Lewis & Clark Capital, founded in 2001, has a successful track record of acquiring and managing lower middle-market operating businesses across various industries. The firm’s hands-on approach and operator-first mentality have contributed to its history of over 35 successful acquisitions and exits.
