Private equity firm completes purchase of rigid plastic bottles and containers manufacturer Pretium Packaging
June 2, 2014
– Genstar Capital, LLC, a leading middle market private equity firm that focuses on investments in targeted segments of the industrial technology, software, financial services and healthcare industries, today announced that it has completed the acquisition of Pretium Packaging, LLC, one of the nation's largest manufacturers of customized, high performance rigid plastic bottles and containers.
Pretium manufactures rigid plastic containers and closures that require significant technical expertise and proprietary tooling to manufacture. Pretium utilizes its national manufacturing footprint, design and engineering capabilities, and full range of process capabilities to provide customized solutions to its customers in the food & specialty beverage, private label, pharmaceutical, personal care and household & industrial sectors. Pretium distinguishes itself through service, flexibility, speed-to-market and engineering capabilities. The Company sells its products to a diversified customer base ranging from Fortune 500 companies to smaller privately-owned businesses.
David Golde, who leads Genstar's packaging-related investing efforts, commented, "Our investment in Pretium is the result of a multi-year effort to find a packaging company that fits Genstar's investment criteria, and Pretium builds upon the firm's investing efforts in the industrial technology vertical. We look forward to providing the Pretium leadership team with capital and resources to accelerate the company's growth, both organically and via strategic acquisitions."
About Genstar Capital, LLC
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar has more than $3 billion of committed capital under management and targets investments focused on selected sectors within the industrial technology, software, financial services and healthcare industries.