Leading container and closure manufacturer Pretium Packaging is investing in PET stretch blow molding equipment and infrastructure that will support six facilities.
The Chesterfield, Mo.-based company announced July 16 it will spend $5 million for the added capacity and expansion, according to a news release.
Pretium Packaging was listed No. 14 in the most recent Plastics News ranking of North American blow molders with annual sales of $425 million. It was acquired by Clearlake Capital Group in January.
The new machines will be in the company's West, Central and East regions in the U.S. to bring its packaging closer to customers, said Kris Nielsen, senior vice president of operations. The company has 19 facilities nationwide.
The new equipment will produce an additional 100 million bottles with capabilities of producing containers ranging from 6.5 ounces to 11.6 liters. The company currently produces more than 2 billion PET and high density polyethylene containers per year.
Pretium manufactures containers and closures for the food and specialty beverage, household and industrial chemical, sports nutrition and wellness, beauty and personal care, and medical and consumer health industries.
"We're adding capacity, stronger redundancy and volume-balancing capabilities, as well as support for the latest PET product innovations, like our hot-fill containers," Nielsen said.
The project is expected to be complete by October 2020.