August 6, 2018
by Canadian Packaging staff
CHESTERFIELD, MO – Plastic-container manufacturer Pretium Packaging has just acquired its fifth company over the past four years. A July 30 press release from Pretium announced that the corporation had recently purchased Cox Container.
Based in Troy, AL, Cox specializes in extrusion blow molding of high-density polyethylene (HDPE) containers for the food and beverage industry, including makers of dairy products. According to the release, Cox owns a 73,000-square-foot facility, which brings Pretium’s number of American manufacturing locations to 17.
Pretium president and CEO Paul Kayser said in a press statement last week that his organization was “pleased” to welcome the Cox team to the Pretium family.
“The acquisition brings additional HDPE manufacturing capability to Pretium and gives us a strategic foothold in the Southeast,” added Kayser. “We will now be able to capitalize on the strong growth Cox has experienced over the past couple of years to better serve our combined customers.
“Additionally, we are aggressively looking to add other exceptional regional companies to our portfolio.”
“Under Pretium ownership,” said Cox Container president Ken Cox in his own statement, “we will now have the ability to offer our customers new products by leveraging Pretium’s extensive PET capabilities, as well as a manufacturing footprint across North America.
“We are excited to be a part of the Pretium team.”
The Pretium release stated that Cox’s Troy facility is perfectly suited for the former company’s planned manufacturing expansion. Pretium has a solid history of successful merges and a current strategy to grow its business both organically and through strategic acquisitions. It plans to keep Cox’s management team and employees.
Founded in 1984, Cox Container designs and produces plastic containers for several local, regional, and national clients.
Based in Chesterfield, MO, Pretium Packaging is a leading North American maker of plastic containers and closures for many sectors, including food processing, specialty beverages, household and industrial cleaners, sports nutrition, and beauty products.