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Clearlake Capital-backed Pretium Packaging completed its acquisition of Grupo Edid, a Lerma, Mexico rigid packaging manufacturer and paperboard printer, on December 16, 2021; financial terms were not disclosed.
Irving Place Capital has agreed to sell Alpha Packaging, a St. Louis-based blow molder of bottles and jars, to Pretium Packaging, a Clearlake Capital portfolio company. Financial terms were not disclosed.
Pretium Packaging, a North American plastic container maker, invested $5 million in PET stretch blow molding equipment and infrastructure across six of its 19 plants, adding 100 million bottles of capacity. The project is expected to be completed by October 2020.
Clearlake Capital Group, in partnership with management, has acquired rigid packaging maker Pretium Packaging from Genstar Capital. Pretium operates 19 automated plants in the US; financial terms were not disclosed.
Pretium Packaging invested $2 million in new reheat stretch PET blow molding equipment and infrastructure at its Troy, Alabama plant. The lines can make cold- and hot-fill containers from 6 ounces to 2 liters.
Genstar-backed Pretium Packaging acquired Olcott Plastics of St. Charles, Illinois, a maker of injection-molded beauty and healthcare packaging. It is Pretium's sixth add-on acquisition since Genstar's 2014 investment.
Phoenix Logistics, an affiliate of Phoenix Investors, obtained a contract to provide warehouse and transportation management services for Pretium Packaging at a former Maytag plant in Herrin, Illinois. The announcement was made in October 2018.
Phoenix Logistics, an affiliate of Phoenix Investors, obtained a contract to provide warehousing and transportation management for Pretium Packaging at the revitalized former Maytag plant in Herrin, Illinois.
Pretium Packaging has acquired Cox Container, a manufacturer of HDPE containers in Alabama, USA, on a 13-acre site. The deal is Pretium's fifth acquisition in four years and raises its manufacturing locations to 17.
Pretium Packaging is adding 52,000 square feet to its Carrollton, Texas plant to host new PET bottle production lines. It will phase out its Walterboro, South Carolina facility and move those lines to Texas.
Pretium Packaging announced the acquisition of Patrick Products Inc., a rigid blow-molded plastic container producer based in Leipsic, Ohio, serving janitorial, automotive and household chemical markets. The deal combines the two companies' North American footprints.
