Grupo Edid is a family-owned rigid packaging manufacturer and paperboard printer serving diverse end markets, including food and beverage, healthcare, home care, and personal care

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Pretium Packaging closes acquisition of Mexico-based Grupo Edid. (Credit: Panupong Lithkai from Pixabay)

Clearlake Capital Group-backed Pretium Packaging has wrapped up the acquisition of Ediplast, Edipacks, Refrepet, and Ediprint (together known as ‘Grupo Edid’) for an undisclosed sum.

Based in Lerma, Mexico, Grupo Edid is a family-owned rigid packaging manufacturer and paperboard printer serving diverse end markets, including food and beverage, healthcare, home care, and personal care.

The company’s products portfolio includes blow and injection moulded containers and closure systems, as well as printed micro-corrugated cardboard packaging.

Grupo Edid’s plastics division produces bottles, carafes, thin-wall containers, jars and closures made from PET and high-density polyethylene (HDPE).

Pretium Packaging president and CEO Paul Kayser and Pretium Mexico region operations vice president Julio Oropeza said: “We could not be more thrilled for Grupo Edid to join the Pretium team as part of our expansion into a rapidly growing market in Mexico.

“Additionally, Grupo Edid’s thin-wall injection-moulding and FSC-certified paperboard and micro-corrugated printed packaging divisions expand and enhance Pretium’s capabilities.

“The quality and breadth of Grupo Edid’s products, as well as scale of its operations is a testament to the legacy the Edid family has built over the course of 35 years.”

The deal to acquire Grupo Edid represents Pretium’s ninth acquisition since 2014 and second major acquisition in 2021. Pretium acquired Alpha Consolidated Holdings earlier this year.

Pretium stated that it funded the transaction with an add-on to its existing credit facility, led by Credit Suisse, which served as the lead agent of Pretium’s senior credit facilities.

Grupo Edid chairman and CEO Isaac Edid said: “We are extremely excited to partner with Pretium, and we believe their culture and values align closely with the commitment to sustainability, innovation, and high-quality service that my family has worked hard to honour for all these years.

“My family and I were only willing to sell Grupo Edid to the right partner who could continue executing on our vision for the business, and we believe we found the ideal partner in Pretium.

“We are excited to work with Paul Kayser and the Pretium team to not only continue, but meaningfully enhance our solutions to our customers, while also serving our employees and communities.”