Private equity-backed Pretium Packaging has acquired Tri-Delta Plastics.
Hillsborough, New Jersey-based Tri-Delta manufactures rigid packaging products for the food, health care and household chemical markets. The deal helps add containers, bottles and closures for the spice and seasonings category to Pretium.
Pretium, headquartered in Chesterfield, Montana, makes rigid plastic containers for the food and beverage, household and industrial product, pharmaceutical, agricultural chemical and personal-care markets.
This is Pretium's first add-on acquisition under the ownership of private equity firm Genstar Capital, which bought it in May. Genstar, headquartered in San Francisco, invests in industrial technology, financial services, software and health care companies.
The firm's other recent investments include ISqFt and BidClerk, which it combined in October into a software company that serves the construction industry; and the equipment manufacturing business of Symmetry Medical Inc., which it agreed to pay $450 million for in August.
For more on packaging M&A, see Finance Finesse: Lenders Show Love for Packaging.