Canadian Plastics

Pretium Packaging expands into Mexico with Grupo Edid acquisition

Packaging supplier Grupo Edid includes four separate operations: Ediplast, Edipacks, Refrepet, and Ediprint.

December 17, 2021   Canadian Plastics

Image Credit: Pretium Packaging/Grupo Edid

U.S.-based Pretium Packaging LLC has expanded into Mexico by acquiring family-owned packaging solutions provider Grupo Edid, which includes four separate operations: Ediplast, Edipacks, Refrepet, and Ediprint.

The financial terms of the transaction have not been disclosed.

Headquartered in Lerma, Mexico, Grupo Edid serves over 300 customers across a diverse set of industries. The company’s products include blow and injection molded containers and closure systems, as well as printed micro-corrugated cardboard packaging.

In a Dec. 16 news release, Pretium officials said that Grupo Edid’s entire leadership team is joining Pretium.

Advertisement

“Grupo Edid is recognized as a pioneer in the use of post-consumer recycled materials across its product lines, which aligned well with [our] core focus on sustainability and strategy to expand into Mexico,” said Paul Kayser, president and CEO, and Julio Oropeza, vice president, operations – Mexico Region, of Pretium. “The company has built a regional leadership in multi-use containers and closure systems with solutions that are highly complementary to Pretium’s offerings. Additionally, Grupo Edid’s thin-wall injection-molding and FSC-certified paperboard and micro-corrugated printed packaging divisions expand and enhance [our] capabilities.”

The deal is the ninth acquisition for Pretium since 2014 and the second major acquisition this year, after having acquired Alpha Consolidated Holdings Inc. in October.

Ballwin, Mo.-based Pretium supplies rigid packaging technologies for end markets that include food and specialty beverage, healthcare, health and wellness, personal care and beauty, and household and commercial products.


Print this page

Related Stories