M&A Deal Summary

Pretium Packaging Acquires Alpha Packaging

On September 16, 2021, Pretium Packaging acquired packaging company Alpha Packaging from Irving Place Capital

Acquisition Highlights
  • This is Pretium Packaging’s 3rd transaction in the Packaging sector.
  • This is Pretium Packaging’s 7th transaction in the United States.
  • This is Pretium Packaging’s 1st transaction in Missouri.

M&A Deal Summary

Date 2021-09-16
Target Alpha Packaging
Sector Packaging
Buyer(s) Pretium Packaging
Sellers(s) Irving Place Capital
Deal Type Add-on Acquisition

Target

Alpha Packaging

St. Louis, Missouri, United States
Alpha Packaging is a manufacturer of rigid plastic bottles and jars primarily for the nutritional, pharmaceutical, and personal care markets. Alpha Packaging is based in St. Louis, Missouri.

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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 8 of 9
Sector (Packaging) 3 of 4
Type (Add-on Acquisition) 7 of 8
State (Missouri) 1 of 1
Country (United States) 7 of 7
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 Starplex Scientific

Etobicoke, Ontario, Canada

Starplex Scientific, Inc. manufacturers leak-resistant sample collectors and pharmaceutical/ nutraceutical bottles. Starplex Scientific, Inc. products include specimen containers, transport vials, collectors, swab tips and shafts, O-ring containers, buckets, and tissue cassettes. Starplex Scientific, Inc. serves the healthcare, environmental/industrial, veterinary and pharmaceutical/ nutraceutical sectors in North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Grupo Edid

Lerma de Villada, Mexico

Grupo Edid is a rigid packaging manufacturer and paperboard printer serving diverse, recession resistant end markets including food and beverage, home care, healthcare, and personal care. Grupo Edid was founded in 1985 and is based in Mexico.

Buy -

Seller(S) 1

SELLER

Irving Place Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 4.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Irving Place Capital (formerly Bear Stearns Merchant Banking) is an independent private equity firm focused on making investments in middle-market companies located in North America and Western Europe. Irving primarily looks for opportunities in the retail, financial services, consumer products and packaging sectors, but will also consider investments in other traditional and service based businesses such as restaurants, transportation/logistics, healthcare, energy, and industrial products/services. The Firm's target investment size is $50 to $250 million of equity capital and EBITDA in excess of $7 million. Prospective transaction situations include traditional management buyouts, growth capital financings, divestitures, consolidations, and recapitalizations. Irving Place is based in New York City.


DEAL STATS #
Overall 38 of 39
Sector (Packaging) 4 of 4
Type (Add-on Acquisition) 16 of 17
State (Missouri) 2 of 2
Country (United States) 31 of 32
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 MRP

Plattsburgh, New York, United States

MRP designs and manufactures rigid plastic packaging components used by millions of consumers in a diverse set of end-markets, with a primary focus on the health and wellness verticals. The Company has a library of 900+ tools used to support a product offering of 10,000+ SKUs and the ability to create a meaningfully higher count of variations. MRP is based in Plattsburgh, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-16 Rag & Bone

New York, New York, United States

Rag & Bone owns and operates 34 stores in the U.S. and two stores in the U.K. which provides lifestyle apparel and accessories brand. Rag & Bone was founded in 2002 and is based in New York.

Sell -