Pretium Packaging has bought US-based Cox Container, which manufactures high-density polyethylene (HDPE) containers for food, beverage, dairy and industrial applications.
The acquisition increases Pretium’s US manufacturing locations to 17. The Cox facility is situated on 13 acres, which Pretium said makes it ideally suited for future manufacturing expansion.
Cox Container represents the fifth acquisition Pretium has made in the past four years, supporting its strategy to grow its business via strategic acquisitions.
Pretium CEO Paul Kayser said: “We are pleased to welcome the Cox leadership team and employees to the Pretium organisation. The acquisition brings additional HDPE manufacturing capability to Pretium and gives us a strategic foothold in the Southeast.
“We will now be able to capitalise on the strong growth Cox has experienced over the past couple of years to better serve our combined customers.
“Additionally, we are aggressively looking to add other exceptional regional companies to our portfolio.”
Cox Container president Ken Cox added: “Under Pretium ownership, we will now have the ability to offer our customers new products by leveraging Pretium’s extensive PET capabilities, as well as a manufacturing footprint across North America. We are excited to be a part of the Pretium team.”
Pretium added that it intends on keeping the Cox manufacturing location in Alabama as well as employees and management team.
© FoodBev Media Ltd 2019