US-based packaging designer and manufacturer Pretium Packaging has bought Grupo Edid, a family-owned rigid packaging manufacturer and paperboard printing company.
Included in the deal were Grupo Edid’s Ediplast, Edipacks, Refrepet and Ediprint operations.
Based in Lerma, Mexico, Grupo Edid offers blow and injection-moulded containers and closure systems, as well as high value printed micro-corrugated cardboard packaging.
The company serves more than 300 customers across multiple industries.
Following the deal, Pretium will take over Grupo Edid’s leadership team to support its next phase of growth.
The financial terms of the acquisition have not been disclosed.
Pretium president and CEO Paul Kayser and Mexico Region operations vice-president Julio Oropeza 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.
“The company has built a regional leadership in multi-use containers and closure systems with solutions that are highly complementary to Pretium’s offerings.”
Grupo Edid chairman and CEO Isaac Edid said: “My family and I were only willing to sell Grupo Edid to the right partner who could continue executing on our vision for the business, and we believe we found the ideal partner in Pretium.
“We are excited to work with Paul Kayser and the Pretium team to not only continue, but meaningfully enhance our solutions to our customers, while also serving our employees and communities.”
Pretium supplies rigid packaging solutions for the food and beverage, home care, healthcare and personal care industries.
Grupo Edid is the company’s second major acquisition this year, following its purchase of Alpha Consolidated Holdings in September.