Pretium Packaging LLC is investing about $10 million to upgrade and buy new equipment.
The St. Louis custom packager is adding an all-electric PET injection molding machine in its Montreal facility; two injection stretch blow molding machines in Peru, Ill.; and two more in Hazelton, Pa. An extrusion blow molding machine is being added in Seymour, Ind.
Chief Operating Officer David Winslett said the purchases represent about $6 million to $7 million of the total investment made in its facilities.
Pretium operates nine plants across the United States and Canada.
``We've made eight acquisitions over 21/2 years and we've introduced what we think are leading-technology machines,'' he said.
Pretium ranks No. 20 among North American blow molders, according to Plastics News' most recent survey, with estimated sales of $139 million.