Containers and closures manufacturer Pretium Packaging LLC made a $3 million investment for its Leipsic, Ohio, manufacturing plant, the company announced Feb. 25.
The investments include a new 10-cavity high density polyethylene extrusion blow molding equipment and infrastructure for the plant.
The new equipment will produce HDPE industrial round gallon containers, with weights from 108-130 grams, to meet growing demand from household and industrial chemical market, the release states.
The company has invested more than $6 million in new machines and infrastructure since acquiring Patrick Products in 2017 to support a growing market.
"We are excited about this newest piece of equipment, and are pleased to say it is now in operation and we have inventory available," Lawrence Monroe, director of sales, household and industrial chemical market segment, said in the release. "We are well positioned to support the growing demands from our customers new and old due to these additional investments, and are excited to continue to grow Patrick Products, a proud brand of Pretium Packaging."
Santa Monica, Calif.-based Clearlake Capital Group LP announced Jan. 15 that it has purchased Pretium from Genstar Capital LLC.
Pretium is No. 14 on Plastics News' ranking of North American blow molders, with sales of $425 million. The company has 19 plants and 1,800 employees. Key end markets include food and specialty beverage, health care, sports nutrition, personal care, beauty and household products.
