M&A Deal Summary

Pretium Packaging Acquires Novapak

On February 17, 2010, Pretium Packaging acquired plastics company Novapak from Kirtland Capital Partners

Acquisition Highlights
  • This is Pretium Packaging’s 1st transaction in the Plastics sector.
  • This is Pretium Packaging’s 1st transaction in the United States.
  • This is Pretium Packaging’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2010-02-17
Target Novapak
Sector Plastics
Buyer(s) Pretium Packaging
Sellers(s) Kirtland Capital Partners
Deal Type Add-on Acquisition

Target

Novapak

Eatontown, New Jersey, United States
PVC Container Corp. is a manufacture and sale of molded plastic bottles and fluorinated containers from polyvinyl chloride compounds, polyethylene resins, and polyethylene terephthalate in the United States. It also provides bottle decoration services, which include automatic silk screening for multiple color applications, pressure-sensitive paper, and plastic film labels; and the image heat transfer labeling. PVC Container was founded in 1997 and is based in Eatontown, New Jersey.

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Buyer(S) 1

Buyer

Pretium Packaging

Chesterfield, Missouri, United States
Category Company
Founded 1992
Sector Packaging
Employees1,000
Revenue 241M USD (2013)
DESCRIPTION

Pretium Packaging is a provider of custom, high-performance rigid plastic bottles, and containers, serving a diverse base of customers in the food and specialty beverage, healthcare, sports nutrition, personal care, beauty, and household products end markets. Pretium Packaging was established in 1992 and is based in Chesterfield, Missouri.

DEAL STATS #
Overall 1 of 9
Sector (Plastics) 1 of 5
Type (Add-on Acquisition) 1 of 8
State (New Jersey) 1 of 2
Country (United States) 1 of 7
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-10 Tri-Delta Plastics

Hillsborough, New Jersey, United States

Tri-Delta is a manufacturer of a complete line of proprietary rigid packaging products to the food, healthcare, and household chemicals end markets. The company has invested heavily in its in-house technology and production infrastructure and today is a trusted supplier for containers, bottles, and closures, primarily within the spice and seasonings end market, a market category currently not served by Pretium.

Buy -

Seller(S) 1

SELLER

Kirtland Capital Partners

Beachwood, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1977
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kirtland Capital Partners (KCP) is a private equity firm focused on acquiring mature businesses operating in the US or Canada. KCP looks to be the lead investor in control positions in companies with significant barriers to entry, stable cash flows, and a strong market position. Sectors of interest include niche manufacturing, distribution, and business-to-business service companies. Kirtland was formed in 1977 and is based in Beachwood, Ohio.

DEAL STATS #
Overall 16 of 22
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 4 of 9
State (New Jersey) 2 of 2
Country (United States) 16 of 22
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-09 Precision Dialogue

Chicago, Illinois, United States

Precision Dialogue, Inc. is an analytics-driven direct marketing firm. The company improves ROI through the development of customer insights and implementation of personalized, multi-channel communications. Precision Dialogue was founded in 2011 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-13 ACME Cosmetic Components

Secaucus, New Jersey, United States

ACME Cosmetic Components is a designer and manufacturer of metal pans used in cosmetics packaging and the food and drug industry. ACME Cosmetic Components was founded in 1935 and is based in Secaucus, New Jersey.

Buy -
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