Pretium Packaging, a North American manufacturer of plastic containers and closures, has announced its acquisition of Olcott Plastics, Inc., based in St. Charles, IL.
Pretium says Olcott “meaningfully bolsters” Pretium’s injection molding and personal care/beauty offerings while Pretium allows Olcott to offer blow molded containers and a national footprint to its customers.
For the past 50 years, Olcott has served as a leading supplier of primary packaging to premier beauty and healthcare companies. It specializes in injection molding and decorating of single and double wall polypropylene (PP) jars, “seamless” PET jars as well as injection molding and lining of PP closures. Many of its original customers from 1969 who were serviced from the back of the family station wagon still buy from the company today.
In keeping with Pretium’s ongoing acquisition philosophy, existing employees and management of Olcott will be retained.