Custom blow-molded packaging solutions supplier Pretium Packaging has acquired rigid packaging firm Tri-Delta Plastics for an undisclosed amount.

Tri-Delta manufactures a complete range of proprietary rigid packaging products for the food, healthcare and household chemicals markets.

The acquisition will enable Pretium to produce containers, bottles and closures, primarily within the spice and seasonings market, in which Tri-Delta specialises.

Pretium president and CEO George Abd said: "This transaction is in-line with our strategy to build Pretium both organically and through selective acquisitions that expand our markets, technologies and geographic reach to allow us to better serve our customers."

"We are proud of the strong business we have built and the great team that leads it."

Tri-Delta owner and president Thomas Dolan said: "Our commitment to proprietary product development, superior customer service and responsiveness, and robust manufacturing processes forged our solid reputation within the packaging industry over the past quarter century.

"We are proud of the strong business we have built and the great team that leads it.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"Very early in our sale process it became clear to me that Pretium would be the best home for our company, as both organisations share a commitment to serving our customers in every way possible.

"Importantly from my perspective, Pretium completed its due diligence expeditiously and understood how to work with a family-run business in terms of what to ask and how to complete the process."

P&M Corporate Finance (PMCF) served as financial advisor to Tri-Delta for the transaction.