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Morgan Stanley Capital Partners Completes Investment in Comar

Investment funds managed by Morgan Stanley Capital Partners (“MSCP”),
the Private Equity team within Morgan Stanley Investment Management,
announced today that they have completed an investment in Comar Holding
Company, LLC (“Comar” or the “Company”). MSCP partnered with the current
management team, led by Michael Ruggieri, who will remain CEO and
continue to drive organic and acquisition growth. Comar extends MSCP’s
long and successful track record of partnering with
founder/family-managed companies and marks the eighth platform
investment in MSCP’s North Haven Capital Partners Fund VI and its second
packaging investment following the backing of Kevin Keneally in
acquiring Fisher / PPC Flexible Packaging in 2017.

Comar, headquartered in Voorhees, New Jersey, is a leading rigid
plastics packaging manufacturer of bottles, containers, liquid dosing
devices and closures predominantly for the healthcare and wellness
industry. The Company services customers through eight manufacturing
facilities across the U.S. and Puerto Rico ensuring coast-to-coast
coverage.

Eric Kanter, Managing Director of MSCP, said, “We are excited to invest
in Comar, which is a premier engineered packaging and dosing solutions
provider in the U.S. Graham Partners, the prior sponsor, has invested in
a world-class management team who has targeted highly attractive end
markets and best in class capabilities. We look forward to supporting
the talented management team during the coming years of organic and
acquisition-fueled growth as the Company executes its strategy to
develop increasing exposure to medical/drug delivery products.”

Mark Bye, Managing Director and Operating Partner of Morgan Stanley
Capital Partners, added, “We are delighted to partner with Michael
Ruggieri and the Comar team. MSCP’s investment in Comar is the
culmination of a multi-year review of the rigid packaging sector and we
believe the Company is primed for outsized growth.”

Michael Ruggieri, Chief Executive Officer of Comar, said, “We are
excited to partner with Morgan Stanley Capital Partners and enter a new
phase of growth. We are proud of the accomplishments of the entire Comar
team and expect this new partnership to help us continue to deliver the
highest quality products to our customers.”

MSCP was advised by Jones Day.

Morgan Stanley Capital Partners, part of Morgan Stanley Investment
Management, is a leading middle-market private equity platform that has
invested capital in a broad spectrum of industries for over three
decades. Morgan Stanley Capital Partners focuses on privately negotiated
equity and equity-related investments primarily in North America and
seeks to create value in portfolio companies in a series of subsectors
in the business services, consumer, healthcare and industrials markets
with an emphasis on driving significant organic and acquisition growth
through an operationally focused approach. For further information about
Morgan Stanley Capital Partners, please visit www.morganstanley.com/im/capitalpartners.

Morgan Stanley (NYSE: MS) is a leading global financial services firm
providing investment banking, securities, wealth management and
investment management services. With offices in more than 41 countries,
the Firm’s employees serve clients worldwide including corporations,
governments, institutions and individuals. For more information about
Morgan Stanley, please visit www.morganstanley.com.

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