Packaging

Castle Harlan Completes Sale of Pretium Packaging, Leading Manufacturer of Customized, High-Performance Rigid Plastic Bottles and Containers

Tuesday 03. June 2014 - Castle Harlan, Inc., the New York-based middle-market private equity firm, announced today that Castle Harlan Partners V, L.P. has completed the sale of Pretium Packaging, a leading manufacturer of customized, high-performance rigid plastic bottles and containers with over $240 million of net sales, to Genstar Capital, a private equity firm based in San Francisco.

Pretium Packaging, headquartered in Chesterfield, Missouri, is among the nation’s largest manufacturers of customized, high-performance rigid plastic bottles and containers. With more than 650 customers including global consumer packaged goods companies, the Company supplies a wide range of bottles and containers to the food, personal-care, household, healthcare and pharmaceutical end markets. The Company currently operates 10 manufacturing facilities, nine in the United States and one in Canada, and employs more than 1,000 people.
Castle Harlan Co-President Bill Pruellage said, “The past four years have been an excellent and rewarding partnership with Pretium’s management team. The company has realized a number of strategic and operational initiatives and is well positioned for continued growth.”
Castle Harlan acquired Pretium Packaging in February 2010 in a transaction that also included the acquisition and subsequent merger of Novapak Corporation.