Pretium Packaging (Chesterfield, MO), one of the biggest makers of plastic bottles and containers in the U.S., has appointed Paul Kayser as President and Chief Executive Officer, effective February 15, 2016. Pretium is a portfolio company of San Francisco-based Genstar Capital.
Kayser comes to Pretium from Nypro (Clinton, MA), where he served as Group President of Nypro Packaging, a business he founded within Nypro back in 2005. His background includes 25 years of experience in the manufacturing and packaging industries.
In his role as Group President, Mr. Kayser ran all aspects of the business and managed nine locations across the U.S., Mexico and Europe. Prior to joining Nypro, Mr. Kayser spent several years at Manufacturers Services Ltd., a global contract electronics manufacturer.
“I am pleased to be joining Pretium, a company with a talented workforce and an unparalleled reputation for delivering high quality products with flexible, responsive service to its customers,” said Kayser.
“Together, we will take Pretium’s strong foundation as a customer solutions provider to new heights. In addition, by further strengthening our customer relationships and expanding our packaging product offerings and capabilities, we will build on Pretium’s positive business momentum. I look forward to working alongside Pretium’s team as we position the Company for future growth and success.”
David Golde, Principal at Genstar Capital, which purchased Pretium in 2014, added, “On behalf of Pretium’s shareholders, we are delighted to welcome Paul as the new President and CEO of Pretium. Paul has extensive industry experience and a successful operating philosophy, making him the ideal leader to take Pretium to the next level as the Company accelerates its organic growth and continues its focus on strategic acquisitions. With Paul’s vision and leadership, we are confident Pretium will continue to deliver high quality products and superior value to our customers, ensuring we not only meet but exceed their expectations.”
Pretium had 2014 revenue of $277 million, up nearly 15% from 2013.