On February 16, 2010, Castle Harlan, Inc. completed its acquisition of Pretium Packaging, L.L.C. In conjunction with the closing of the Pretium transaction, Castle Harlan announced that Pretium acquired PVC Container Corporation, the parent of Novapak Corporation, which also makes specialty plastic containers and has a product line and customer base that complement Pretium's. The total transaction is valued at approximately US$200 million.
The combined company, which will carry the Pretium name, will have 14 manufacturing plants in the United States and Canada serving more than 500 customers.
Further information is found on Castle Harlan's website.