Pretium Packaging, LLC, a designer and manufacturer of packaging services and backed by Clearlake Capital Group, LP, has completed the acquisition of Grupo Edid, a family-owned rigid packaging manufacturer and paperboard printer.
The firm serves a diverse set of end markets including food and beverage, home care, healthcare and personal care. The firm provides sustainability-focused services with functional applications to serve over 300 customers. Its products include blow and injection molded containers and closure systems and printed micro-corrugated cardboard packaging.
This is the 9th acquisition for Pretium since 2014 and second major deal in 2021 following its purchase of Alpha Consolidated Holdings, Inc.
“We 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,” said Paul Kayser, president and CEO, and Julio Oropeza, VP operations Mexico Region, of Pretium. “Grupo Edid is recognized as a pioneer in the use of post-consumer recycled materials across its product lines, which aligned well with Pretium’s core focus on sustainability and strategy to expand into Mexico. “
The transaction was financed with an add-on to Pretium’s existing credit facility, led by Credit Suisse.