Boston Community Venture Fund Invests $750 K in Natick-based Micropack Bottled Water

Boston Community Capital announced its investment in Micropack, a rapidly growing national provider of value-tier, single-serve bottled water products, headquartered in Natick. Boston Community Venture Fund (BCVF) invested $750,000 in the company, which owns and operates bottling facilities in Florida, Pennsylvania, Texas and Illinois.

Micropack has used the financing to acquire the assets of Vermont Pure Springs, the leading producer of private label spring water products in the Northeast, including a state-of-the-art bottling facility and high-quality spring sources located in Randolph, Vermont. Vermont Pure Springs, Inc. is a division of Vermont Pure Holdings, Ltd. (AMEX:VPS).

“BCVF’s investment allows us to add an outstanding facility, spring water sources and professional staff to our growing service network,” said James M. Morgan, Micropack’s President and CEO, “The Randolph facility and staff will become an important platform for our continued growth plans. We look forward to working with the people and the community as we work to build the business.”

“We are proud to invest in Micropack, a strong and profitable business that creates jobs and opportunities for low- and moderate-income workers,” said Boston Community Capital CEO and Venture Fund President Elyse D. Cherry, “We believe this investment will provide our investors with strong social as well as financial returns.”

Micropack’s existing investors include Ampersand Ventures and New England Partners of Boston and Prism Opportunity Fund of Chicago. Additional investors supporting the acquisition include Convergent Capital of Minneapolis, MN, and Fresh Tracks Capital of Middlebury, VT.