Clearlake Capital Group-owned Pretium Packaging has acquired Grupo Edid, a manufacturer of plastic and printed packaging solutions.
Headquartered in Lerma, Mexico, Grupo Edid serves over 300 customers across markets including food and beverage, home care, healthcare and personal care.
The company provides sustainable packaging solutions with high-end, functional applications. Grupo Edid’s brands include Ediplast, Edipacks, Ediprint and Refrepret.
Paul Kayser, president and CEO, and Julio Oropeza, VP of operations in the Mexico region of Pretium, said: “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. Grupo Edid is recognised 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.”
They continued: “The company has built a regional leadership in multi-use containers and closure systems with solutions that are highly complementary to Pretium’s offerings. Additionally, Grupo Edid’s thin-wall injection-moulding and FSC-certified paperboard and micro-corrugated printed packaging divisions expand and enhance Pretium’s capabilities. The quality and breadth of Grupo Edid’s 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.”
Financial terms of the transaction were not disclosed.
Private investment firm Clearlake Capital purchased Pretium Packaging from Genstar Capital last year.
© FoodBev Media Ltd 2022
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