Genstar Capital to acquire Pretium Packaging

GENSTAR Capital, LLC, a middle market private equity firm that focuses on investments in targeted segments of the industrial technology, software, financial services and healthcare industries, announced the signing of a definitive agreement to acquire Pretium Packaging, LLC, a leading manufacturer of customised, high performance rigid plastic bottles and containers.  The transaction is expected to close in June 2014.

Based near St. Louis in Chesterfield, MO, Pretium was founded in 1992 and manufactures rigid plastic containers and closures that require significant technical expertise and proprietary tooling to manufacture.  Pretium utilises 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 sells its products to a diversified customer base ranging from Fortune 500 companies to smaller privately-owned businesses.