Ballwin, MO, Lerma, Mexico, and Santa Monica, CA \u2013 December 16, 2021 \u2013 Pretium Packaging, L.L.C. (\u201cPretium\u201d), a designer and manufacturer of packaging solutions for a diverse set of applications backed by Clearlake Capital Group, L.P. (together with its affiliates, \u201cClearlake\u201d) in partnership with management, today announced it has completed the acquisition of Ediplast SA de CV, Edipacks, SA de CV, Refrepet SA de CV, and Ediprint SA de CV (collectively, \u201cGrupo Edid\u201d or the \u201cCompany\u201d), a family-owned rigid packaging manufacturer and paperboard printer serving diverse, recession resistant end markets including food and beverage, home care, healthcare and personal care. Financial terms of the transaction were not disclosed.<\/p>\n
\u201cWe could not be more thrilled for Grupo Edid to join the Pretium team as part of our expansion into a rapidly growing market in Mexico,\u201d said Paul Kayser, President and CEO, and Julio Oropeza, VP Operations \u2013 Mexico Region, of Pretium. \u201cGrupo Edid is recognized as a pioneer in the use of post-consumer recycled materials across its product lines, which aligned well with Pretium\u2019s core focus on sustainability and strategy to expand into Mexico. The Company has built a regional leadership in multi-use containers and closure systems with solutions that are highly complementary Pretium\u2019s offerings. Additionally, Grupo Edid\u2019s thin-wall injection-molding and FSC-certified paperboard and micro-corrugated printed packaging divisions expand and enhance Pretium\u2019s capabilities. The quality and breadth of Grupo Edid\u2019s products, as well as scale of its operations is a testament to the legacy the Edid family has built over the course of 35 years.\u201d<\/p>\n
Headquartered in Lerma, Mexico, Grupo Edid provides sustainability-focused solutions with high end, functional applications and serves over 300 customers across a diverse set of industries. The Company\u2019s products include blow and injection molded containers and closure systems, as well as high value printed micro-corrugated cardboard packaging Grupo Edid\u2019s leadership in sustainability is reflected in its distinction of \u201cEmpresa Socialmente Responsible,\u201d which is granted to companies and organizations from Mexico that meet a variety of stringent criteria that generally encompass economic, social, and environmental profitability and sustainability. Grupo Edid\u2019s entire leadership team is joining the Pretium team to help drive the new partnership through its next phase of growth.<\/p>\n
\u201cWe are extremely excited to partner with Pretium, and we believe their culture and values align closely with the commitment to sustainability, innovation, and high-quality service that my family has worked hard to honor for all these years,\u201d added Isaac Edid, Chairman and CEO of Grupo Edid. \u201cMy family and I were only willing to sell Grupo Edid to the right partner who could continue executing on our vision for the business, and we believe we found the ideal partner in Pretium. We are excited to work with Paul Kayser and the Pretium team to not only continue, but meaningfully enhance our solutions to our customers, while also serving our employees and communities.\u00a0\u00bb<\/p>\n
\u201cIn our pursuit to best service Pretium\u2019s customers across North America, we identified Grupo Edid as the ideal platform to expand Pretium\u2019s operations into Mexico given both companies\u2019 collective focus on delivering value-add, sustainable, and complete packaging solutions to our valued customers,\u201d said Jos\u00e9 E. Feliciano, Co-Founder and Managing Partner, and Arta Tabaee, Managing Director, of Clearlake. \u201cWe believe this strategic partnership will enable the combined platform to enhance Grupo Edid\u2019s customer solutions and production capabilities through Pretium\u2019s complementary products and technologies, while providing a strategic foothold for Pretium to best serve its existing customers with expanded operations in North America. We look forward to leveraging our O.P.S.\u00ae framework to ensure a smooth integration post-closing and continue driving accelerated growth for the platform.\u201d<\/p>\n
The combination of Pretium and Grupo Edid represents the ninth acquisition for Pretium since 2014 and the second major acquisition this year, after having acquired Alpha Consolidated Holdings, Inc. in October. The transaction was financed with an add-on to Pretium\u2019s existing credit facility, led by Credit Suisse, the lead agent of Pretium\u2019s senior credit facilities.<\/p>\n
About Pretium
\nPretium specializes in innovation and automation of multiple rigid packaging technologies in a diverse set of end markets including food and specialty beverage, healthcare, health and wellness, personal care and beauty, and household and commercial products. The company\u2019s multi-use packaging solutions are based primarily on PET, HDPE, and polypropylene resin, with a wide array of options including up to 100% post-consumer recycled material content, making it a preferred choice for customers focused on sustainability. Pretium differentiates itself through responsiveness, breadth of product offerings, short changeover times, and a global footprint of 28 automated manufacturing facilities. More information is available at www.pretiumpkg.com.<\/p>\n
About Grupo Edid
\nGrupo Edid is a leading Mexican manufacturer of plastic and printed packaging solutions. The Company\u2019s plastics division manufactures bottles, carafes, thin-wall containers, jars and closures made primarily from PET and HDPE. The Company\u2019s printing division manufactures value-add printed and micro-corrugated containerboard packaging solutions. Both divisions serve the home, personal care, and food and beverage markets with sustainable, value-added product and service requirements that demonstrate recession resistant demand characteristics. The company serves 300+ customers in diversified industries with its comprehensive packaging solutions. Grupo Edid\u2019s products are manufactured in two facilities in Mexico, strategically located to serve Mexico City, the country\u2019s largest primary packaging market. More information is available at www.grupoedid.com.<\/p>\n
About Clearlake
\nFounded in 2006, Clearlake Capital Group, L.P. is a leading investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake\u2019s operational improvement approach, O.P.S.\u00ae The firm\u2019s core target sectors are technology, industrials, and consumer. Clearlake currently has over $55 billion assets under management, and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.<\/p>\n
Media Contact:
\nJennifer Hurson
\nLambert & Co.
\nPh: +1 845-507-0571
\njhurson@lambert.com<\/p>\n","protected":false},"excerpt":{"rendered":"
Ballwin, MO, Lerma, Mexico, and Santa Monica, CA \u2013 December 16, 2021 \u2013 Pretium Packaging, L.L.C. (\u201cPretium\u201d), a designer and manufacturer of packaging solutions for a diverse set of applications backed by Clearlake Capital Group, L.P. (together with its affiliates, \u201cClearlake\u201d) in partnership with management, today announced it has completed the acquisition of Ediplast SA […]<\/p>\n","protected":false},"author":32,"featured_media":18823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[776],"tags":[],"class_list":["post-18848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pretium-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.pretiumpkg.com\/fr\/wp-json\/wp\/v2\/posts\/18848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pretiumpkg.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pretiumpkg.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pretiumpkg.com\/fr\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pretiumpkg.com\/fr\/wp-json\/wp\/v2\/comments?post=18848"}],"version-history":[{"count":4,"href":"https:\/\/www.pretiumpkg.com\/fr\/wp-json\/wp\/v2\/posts\/18848\/revisions"}],"predecessor-version":[{"id":19615,"href":"https:\/\/www.pretiumpkg.com\/fr\/wp-json\/wp\/v2\/posts\/18848\/revisions\/19615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pretiumpkg.com\/fr\/wp-json\/wp\/v2\/media\/18823"}],"wp:attachment":[{"href":"https:\/\/www.pretiumpkg.com\/fr\/wp-json\/wp\/v2\/media?parent=18848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pretiumpkg.com\/fr\/wp-json\/wp\/v2\/categories?post=18848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pretiumpkg.com\/fr\/wp-json\/wp\/v2\/tags?post=18848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}