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M&As: Clearlake acquires Pretium Packaging; BÜFA Composite Systems buys UK composites supplier

Private investment firm Clearlake Capital Group has acquired Pretium Packaging from Genstar Capital. Pretium is a full-service designer and manufacturer of rigid packaging solutions for specialised applications. Financial terms of the transaction were not disclosed.

Headquartered in Chesterfield, Missouri, Pretium caters to a diverse set of end markets including food and specialty beverage, healthcare, sports nutrition, personal care, beauty, and household products. The company's multi-use packaging solutions are based primarily on PET, HPDE, and polypropylene resin, with a wide-array of options including up to 100% post-consumer recycled material content. 

Pretium has a national footprint of 19 automated manufacturing facilities. Paul Kayser, Pretium's CEO, and the existing management team will continue to lead the Company.

"Pretium provides a winning combination of innovative and sustainable packaging solutions, national scale, and highly responsive local service in attractive end markets," said José E. Feliciano, Co-Founder/Managing Partner of Clearlake. "Pretium's focus on new technologies and service has enabled it to develop a loyal customer base, and we are excited to partner with Paul and his team as the Company enters its next phase of growth."

Pretium Packaging is a leading North American manufacturer of customized, short-to-medium volume, rigid plastic packaging solutions. The company produces containers, bottles, and closures for the food and specialty beverage, healthcare, sports nutrition, personal care, beauty, and household products end markets. Pretium serves its customers through nineteen facilities across the U.S. and Canada, and is headquartered in Chesterfield, Missouri. More information is available at www.pretiumpkg.com

In other news, BÜFA Composite Systems, Germany-based supplier of tailor-made unsaturated polyester resins and formulations, will acquire UK-based AOC (UK) Ltd, a supplier of composite products with over 25 years experience in providing distribution and mixing service. AOC Aliancys will remain, as former owner, the supplier of the resins portfolio. In future, the UK company will trade as BÜFA Composites UK.

With the purchase of AOC (UK) Ltd., BÜFA says is not only expanding its presence in the UK market, but also consolidating its position as a specialty manufacturer for the composites market in Europe.

“This will strengthen more than just our market activities,” explained Felix Thalmann, CEO of the BÜFA Group. 

Resins from AOC Aliancys, who have supplied BÜFA Composite Systems for more than 50 years, are transformed into specialities by the Rastede-based chemical company. The complete package also includes a long-standing sales partnership in numerous European markets.

After 3rd March, the AOC Aliancys portfolio will be offered through BÜFA Composites UK. 

(PRA)


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