PLZ Aeroscience, a portfolio company of Olympus Partners, has acquired Assured Packaging, a custom manufacturer of aerosols. “We are excited about this add-on acquisition as it continues to leverage PLZ Aeroscience as a platform for growth in the custom aerosol packaging sector, now with a solid footing in the household and personal care market,” said Manu Bettegowda of Olympus Partners.
Assured is Canada’s leading custom manufacturer of aerosols for the health and beauty aids, pharmaceutical, food and household market categories. The company operates a 100,000 sq. ft. facility in Mississauga, Ontario and produces approximately 90,000,000 cans a year (www.assuredpackaging.com).
PLZ Aeroscience is a manufacturer and marketer of specialty aerosol products. The company formulates, blends, fills and packages more than 2,500 brand and private label products, including industrial solvents, lubricants and degreasers, adhesives, sanitary supply disinfectants, insecticides, cleaners, polishes, air fresheners, and personal care items. The company is headquartered in St. Clair, MO (www.plzaeroscience.com).
Olympus Partners with $3 billion of capital under management provides equity capital for middle market management buyouts and for companies needing capital for expansion. Sectors of interest include: business services; transportation and logistics services; healthcare manufacturing and services; financial services; consumer and restaurant; and software and IT services. The firm is based in Stamford, CT (www.olympuspartners.com).