Pretium Packaging, Novapak to Merge
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Pretium Packaging, St. Louis, Mo., USA, is partnering with Castle Harlan, a New York-based buy-out firm, and existing Pretium management in connection with the merger of Pretium and PVC Container Corporation, the parent of Novapak Corp., a portfolio company of Kirtland Capital, a Cleveland-based buyout firm. The new entity will retain the name Pretium Packaging, be headquartered in Chesterfield, Mo., and be managed by the current Pretium management group together with certain members of the Novapak team. The founder and current owner of Pretium, Keith Harbison, will be a significant minority shareholder in the combined business and a member of the company's board of directors.
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