Pretium acquires Tri-Delta Plastics

LEADING custom blow molded packaging solutions supplier Pretium Packaging has recently acquired rigid packaging producer Tri-Delta Plastics.

Tri-Delta Plastics offers a complete line of proprietary rigid packaging products for the food, healthcare, and household chemicals end markets. It is a major supplier of containers, bottles, and closures, primarily within the spice and seasonings end market, a market category currently not served by Pretium Packaging.

According to Tri-Delta owner and president Thomas J. Dolan, the company’s solid reputation within the packaging industry over the past quarter century is built on its commitment to proprietary product development, superior customer service and responsiveness, and robust manufacturing processes.  Its heavy investments in in-house technology and production infrastructure has allowed the company to strengthen its market leadership in the spice sector and build a track record comprising successful expansion into new end markets, including healthcare and household chemicals.

Mr. Dolan stated, “We are proud of the strong business we have built and the great team that leads it. Very early in our sale process it became clear to me that Pretium Packaging would be the best home for our company as both organizations share a commitment to serving our customers in every way possible.  Importantly from my perspective, Pretium completed its due diligence expeditiously and understood how to work with a family-run business in terms of what to ask and how to complete the process.”

Pretium president and CEO George A. Abd said the company will be able to offer a broader suite of products and reach more new customers with its entry in the spice category and the expansion of its closures business. 

Mr. Abd noted that Tri-Delta has differentiated itself through its comprehensive approach to design, engineering, manufacturing, and best-in-class customer service during its 25-year history. Its business philosophy, products, and workforce highly complement Pretium.  “This transaction is in-line with our strategy to build Pretium both organically and through selective acquisitions that expand our markets, technologies, and geographic reach to allow us to better serve our customers.  We are very pleased with the strong pipeline of potential transactions of independent manufacturers from which we continue to identify new strategic growth opportunities,” he added.

Tri-Delta’s management team and employees will continue with Pretium. The company received financial advice from P&M Corporate Finance (PMCF).