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Pritzker Group Acquires Aerosol Product Manufacturer.

MANews-(C)2009-2015

3 August 2015 - US-based private equity firm Pritzker Group Private Capital has acquired US-based specialty aerosol product manufacturer PLZ Aeroscience from Olympus Partners, the firm said.

Terms of the deal were not disclosed.

Pritzker Group Private Capital is investing alongside the PLZ management team, which will remain a significant shareholder, continue to lead the company and serve on its board of directors.

PLZ specialises in the development, manufacturing, packaging and distribution of a line of contract fill, branded and private-label products. Business units include Plaze, Sprayway, Claire, CPC, Camie-Campbell, K-G Spray-Pak, Assured Packaging and Maid Brands.

In all, PLZ has five manufacturing locations in North America boasting 455,000 square feet of manufacturing space and 700,000 square feet of warehousing and distribution space.

Its 25 aerosol filling lines and nine liquid filling lines are capable of filling up to 450 m units annually, with high-speed lines able to fill 300 cans per minute.

The company formulates, blends, fills and packages more than 2,500 branded and private-label products including industrial solvents, lubricants and degreasers, adhesives, sanitary supply disinfectants, insecticides, cleaners, polishes, air fresheners and personal-care products.

Country: USA

Sector: Paper/Packaging/Office Supplies

Target: PLZ Aeroscience

Buyer: Pritzker Group Private Capita

Vendor: Olympus Partners

Deal size in USD:

Type: LBO

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Aug 3, 2015
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