Pretium Packaging Merges With Novapak

The combined business is expected to generate more than $240m of blow molded bottle and injection molded pre-form sales to over 500 customers from 14 manufacturing facilities in the US and Canada.

Reportedly, the new entity is expected to retain the name Pretium Packaging and will be headquartered in Chesterfield, MO, and also will be managed by the current Pretium management team together with certain members of Novapak management.

George Abd, president and CEO of Pretium, said: “Both Pretium and Novapak have focused on small to medium volume, custom bottle applications. Much of both companies’ recent growth has come in Pet bottles. The advantage for both companies’customers is that while Pretium has invested in one-step, wide mouth Pet technology and assets, Novapak has made significant investment in two-step, narrow neck Pet and pre-form manufacturing.

“The combination of these assets and capabilities, will allow the merged company to offer our customers a full range of one-step and two-step Pet bottles, as well as extrusion blow molding and injection blow molding alternatives in HDPE and PP.

“In addition, there is very little overlap between the two companies’ current customers, enabling the company to now deliver a broader range of products and services to an already existing customer base. We are also thrilled to be aligned with Castle Harlan, which has a long history of partnering with management teams to realise shareholder value through superior customer service.”