Genstar-backed Pretium Packaging recruits Kayser as president/CEO

Chesterfield, Missouri-based Pretium Packaging, a provider of custom rigid plastic packaging solutions, has named Paul Kayser as president and CEO. The appointment becomes effective February 15, 2016. Previously, Kayser worked at Nypro Packaging where he served as group president. Pretium is a portfolio company of Genstar Capital.

PRESS RELEASE

CHESTERFIELD, MO, February 4, 2016 – Pretium Packaging, a leading supplier of custom rigid plastic packaging solutions, today announced that Paul Kayser has been appointed President and Chief Executive Officer, effective February 15, 2016.

Mr. Kayser brings 25 years of experience in the manufacturing and packaging industries. Since 2008, Mr. Kayser served as Group President of Nypro Packaging, a business he founded within Nypro in 2005. Since its founding, Nypro Packaging has become a global provider of manufactured precision plastic products.

In his role as Group President, Mr. Kayser managed all aspects of the business and oversaw nine locations across the U.S., Mexico and Europe. Prior to joining Nypro, Mr. Kayser spent several years at Manufacturers Services Limited, a global contract electronics manufacturer.

Mr. Kayser said, “I am pleased to be joining Pretium, a company with a talented workforce and an unparalleled reputation for delivering high quality products with flexible, responsive service to its customers. Together, we will take Pretium’s strong foundation as a customer solutions provider to new heights. In addition, by further strengthening our customer relationships and expanding our packaging product offerings and capabilities, we will build on Pretium’s positive business momentum. I look forward to working alongside Pretium’s team as we position the Company for future growth and success.”

David Golde, Principal at Genstar Capital, which acquired Pretium in 2014, commented, “On behalf of Pretium’s shareholders, we are delighted to welcome Paul as the new President and CEO of Pretium. Paul has extensive industry experience and a successful operating philosophy, making him the ideal leader to take Pretium to the next level as the Company accelerates its organic growth and continues its focus on strategic acquisitions. With Paul’s vision and leadership, we are confident Pretium will continue to deliver high quality products and superior value to our customers, ensuring we not only meet but exceed their expectations.”

About Pretium Packaging
Based in Chesterfield, MO, Pretium (www.pretiumpkg.com) manufactures rigid plastic containers and closures that require significant technical expertise and proprietary tooling to manufacture. Pretium utilizes its national manufacturing footprint, design and engineering capabilities, and full range of process capabilities to provide customized solutions to its customers in the food & specialty beverage, household and industrial products, pharmaceutical, agricultural chemical and personal care markets. Pretium distinguishes itself through service, flexibility, speed-to-market and engineering capabilities. The Company sells its products to a diversified customer base of over 700 companies ranging from Fortune 500 companies to smaller privately-owned businesses.

About Genstar Capital, LLC
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of over $5 billion and targets investments focused on selected sectors within the industrial technology, financial services, software, and healthcare industries.