PLZ Aeroscience Corporation (PLZ) announced on Aug. 22 that it has acquired Precise Packaging from an affiliate of Trive Capital. Based in Fall River, Massachusetts, Precise is a manufacturer of small-format aerosol and liquid products for the personal care, home fragrance and over-the-counter end markets. CEO Shaun Gaus will continue leading Precise. Financial terms of the transaction were not disclosed.
Headquartered outside Chicago, PLZ is a North American provider of specialty aerosol and liquid product manufacturing. The PLZ family of companies specializes in the development, manufacturing, packaging and distribution of a comprehensive line of contract fill, branded and private-label products for a variety of consumer and industrial end markets. PLZ is owned by Pritzker Private Capital and management.
“Like PLZ, Precise focuses on shorter-run, specialty products and is a value-added strategic partner to its customers,” said Ed Byczynski, PLZ’s President & CEO. “Precise’s capabilities in small-format production will enhance our ability to provide customers with a full suite of aerosol and liquid products. Shaun and the team have built a great business that we are proud to add to the PLZ family.”
Shaun Gaus added, “At Precise Packaging we aim to exceed our customers’ expectations and it is clear that PLZ does the same. We look forward to continuing to grow the Precise business while now being able to leverage the capabilities and connections across the broader PLZ network.”
Chris Trick, principal at Pritzker Private Capital, added, “The acquisition of Precise further strengthens PLZ’s position as the North American leader in specialty aerosol and liquid manufacturing. The combination of PLZ and Precise will allow both companies to better serve their current and future customers. We are pleased to partner with Shaun and the Precise team and welcome them to PLZ.”