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Packaging businesses Pretium Packaging LLC and Novapak Corp. will merge, creating a combined operation with more than $240 million of blowmolded bottle and injection molded preform sales to more than 500 customers from 14 manufacturing facilities in the U.S. and Canada. Pretium Packaging, a custom blowmolder serving the food, pharmaceutical, and personal care markets, is partnering with New York-based buy-out firm Castle Harlan Inc. on the deal to merge with PVC Container's Novapak business. PVC Container is a portfolio company of Cleveland-based buyout firm Kirtland Capital.

MPW Staff

January 20, 2010

1 Min Read
Pretium, Novapack to merge

Packaging businesses Pretium Packaging LLC and Novapak Corp. will merge, creating a combined operation with more than $240 million of blowmolded bottle and injection molded preform sales to more than 500 customers from 14 manufacturing facilities in the U.S. and Canada. Pretium Packaging, a custom blowmolder serving the food, pharmaceutical, and personal care markets, is partnering with New York-based buy-out firm Castle Harlan Inc. on the deal to merge with PVC Container's Novapak business. PVC Container is a portfolio company of Cleveland-based buyout firm Kirtland Capital. The deal is expected to close in the first quarter.

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