Olcott Plastics joins forces with Pretium Packaging
Pretium Packaging, a leading North American manufacturer of plastic containers and closures, announced that it has joined forces with Olcott Plastics, Inc. of St. Charles, Illinois, through an acquisition. Olcott is claimed to bolster Pretium’s injection moulding and personal care/beauty offerings while Pretium allows Olcott to offer blow moulded containers and a national footprint to its customers.
For the past 50 years, Olcott has created a strong brand as a leading supplier of primary packaging to premier beauty and healthcare companies. It specialises in injection moulding and decorating of single and double wall polypropylene (PP) jars, “seamless” PET jars as well as injection moulding and lining of PP closures. Many of its original customers from 1969 who were serviced from the back of the family station wagon still buy from the company today.
In keeping with Pretium’s ongoing acquisition philosophy, existing employees and management of Olcott will be retained.
P&M Corporate Finance (PMCF) served as Olcott’s financial advisor in the transaction.
