New York, June 2, 2014 – Castle Harlan, Inc., the New York-based middle-market private equity firm, announced today that Castle Harlan Partners V, L.P. has completed the sale of Pretium Packaging, a leading manufacturer of customized, high-performance rigid plastic bottles and containers with over $240 million of net sales, to Genstar Capital, a private equity firm based in San Francisco.

Pretium Packaging, headquartered in Chesterfield, Missouri, is among the nation’s largest manufacturers of customized, high-performance rigid plastic bottles and containers. With more than 650 customers including global consumer packaged goods companies, the Company supplies a wide range of bottles and containers to the food, personal-care, household, healthcare and pharmaceutical end markets. The Company currently operates 10 manufacturing facilities, nine in the United States and one in Canada, and employs more than 1,000 people.

Castle Harlan Co-President Bill Pruellage said, “The past four years have been an excellent and rewarding partnership with Pretium’s management team. The company has realized a number of strategic and operational initiatives and is well positioned for continued growth.”

Castle Harlan acquired Pretium Packaging in February 2010 in a transaction that also included the acquisition and subsequent merger of Novapak Corporation.

About Castle Harlan

Castle Harlan, founded in 1987, invests in controlling interests in the buyout and development of middle market companies worldwide. The Castle Harlan team of 18 investment professionals has completed 54 acquisitions with more than 43,000 employees and total transaction value in excess of $11 billion. Castle Harlan, along with its affiliates, has managed investment funds with equity commitments of over $6 billion. The firm traces its roots to the start of the institutionalized private-equity business in the late 1960s. Since 1999 Castle Harlan has invested in Australia and Southeast Asia with its affiliate CHAMP Private Equity in Sydney and Singapore.

Castle Harlan’s current portfolio companies include Shelf Drilling, the leading global independent provider of shallow water jack up drilling rig services; Baker & Taylor, the world’s largest distributor of books and entertainment products to libraries and retailers; and, Gold Star Foods, the leading nutritional food distributor to K-12 schools in California, Arizona and Nevada.

New York, May 1, 2014 – Castle Harlan, Inc., the New York-based middle-market private equity firm, today announced that Castle Harlan Partners V has agreed to sell Pretium Packaging to Genstar Capital, a private equity firm based in San Francisco.

Pretium Packaging, headquartered in Chesterfield, Missouri, is among the nation’s largest manufacturers of customized, high-performance rigid plastic bottles and containers. With more than 650 customers, including global consumer packaged goods companies, as well as national, regional and local customers, the Company supplies a wide range of bottles and containers to food, personal-care, household, healthcare and pharmaceutical end markets. The Company currently operates ten manufacturing facilities, nine in the United States and one in Canada, employing more than 1,000 personnel.

Castle Harlan Co-President Bill Pruellage said, “The past four years have been an excellent and rewarding partnership with Pretium’s management team. The company has realized a number of strategic and operational initiatives and is well positioned for continued growth.”

Castle Harlan acquired Pretium Packaging in February 2010 in a transaction that also included the acquisition and subsequent merger of PVC Container Corporation, the parent of Novapak Corporation. The sale of Pretium is expected to close in June 2014.

Citigroup Global Markets Inc. acted as exclusive financial advisor to Pretium, and Schulte Roth & Zabel LLP acted as legal advisor.

Castle Harlan, founded in 1987, invests in controlling interests in the buyout and development of middle market companies worldwide. The Castle Harlan team of 18 investment professionals has completed 54 acquisitions with a total transaction value in excess of $11 billion. Castle Harlan, along with its affiliates, has managed investment funds with equity commitments of over $6 billion. The firm traces its roots to the start of the institutionalized private-equity business in the late 1960s. Since 1999 Castle Harlan has invested in Australia and Southeast Asia with its affiliate CHAMP Private Equity in Sydney and Singapore.

Castle Harlan’s current portfolio of companies includes Shelf Drilling Holdings Ltd., the leading provider of shallow water jack up drilling rig services in Asia, Africa, India and the Middle East; Baker & Taylor, the world’s largest distributor of books and entertainment products to libraries and retailers; and, Gold Star Foods, a leading nutritional food distributor to K-12 schools in California, Arizona and Nevada.

Castle Harlan, Inc., the New York private equity investment firm, announced today it has completed the acquisition of Pretium

Packaging, L.L.C., one of the country’s leading manufacturers of custom-designed specialty plastic containers for the food, pharmaceutical, personal-care and household markets.

In conjunction with the closing of the Pretium transaction, Castle Harlan said 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

$200 million.

Castle Harlan said the combined company, which carries the Pretium name, has annual sales of approximately $240 million and 14 manufacturing plants in the

United States and Canada serving more than 500 customers.

Pretium was sold by founder Keith Harbison, who retains a significant minority stake as a partner in the company and sits on its board of directors. Pretium

is based in Chesterfield, Missouri. Pretium’s management will continue to operate the company, along with certain members of Novapak’s management team.

Novapak, based in Eatontown, New Jersey, was sold by Kirtland Capital, a Cleveland-based private equity investment firm.

George Abd, Pretium’s president and chief executive officer, said, “This transaction combines world-class assets that enable us to give our customers, and the market in general, an unparalleled breadth of product offerings and innovative packaging designs with a strong and shared cultural focus on quality, service and value.”

Abd also praised Castle Harlan’s “twenty-three year history of partnering with management teams to realize shareholder value through superior customer service.”

William Pruellage, the Castle Harlan senior managing director who led the acquisition, said it benefits all parties.

“There is very little overlap in customers between the two companies, which enables Pretium to offer a broader range of products and services to existing customers,” Pruellage said. “In addition, we see abundant opportunities for the combined company to expand its customer base geographically, and we believe management is energized to do that.”

Anand Philip, vice president of Castle Harlan, said, “We already have begun working closely with Pretium to help grow the combined business. This platform has significant opportunities for expansion on top of a stable existing business.”

Castle Harlan, founded in 1987, invests in controlling interests in the buyout and development of middle-market companies in North America and Europe. Its team of 19 investment professionals has completed 50 acquisitions since its inception with a total value in excess of $9 billion. Castle Harlan currently manages investment funds with equity commitments of $2.5 billion. The firm traces its roots to the start of the institutionalized private-equity business in the late 1960s.

Castle Harlan’s current portfolio companies, which employ more than 42,000 people, include Ames True Temper, the nation’s largest manufacturer of lawn and garden tools and accessories, Baker & Taylor, the world’s largest distributor of books and entertainment products to libraries and retailers, and Associated Packaging

Technologies, Inc., a leader in specialty packaging for the world-wide frozen food industry.

Castle Harlan, Inc., the New York private equity investment firm, announced today it had agreed to acquire Pretium Packaging, L.L.C., one of the country’s leading manufacturers of custom-designed specialty plastic containers for the food, pharmaceutical, personal-care and household markets.

In conjunction with the closing of the Pretium transaction, expected in the first quarter of 2010, Castle Harlan said Pretium will acquire 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 $200 million. The transactions are subject to the satisfaction of various conditions.

Castle Harlan said the combined company, which will carry the Pretium name, will have annual sales of approximately $240 million and 14 manufacturing plants in the United States and Canada serving more than 500 customers.

Pretium is being sold by founder Keith Harbison, who will retain a significant minority stake as a partner in the company and sit on its board of directors. Pretium is based in Chesterfield, Missouri. Pretium’s management will continue to operate the company, along with certain members of Novapak’s management team.

Novapak, based in Eatontown, New Jersey, is being sold by Kirtland Capital, a Cleveland-based private equity investment firm.

George Abd, Pretium’s president and chief executive officer, welcomed the combination of what he called “these world class assets.”

The transaction, he said, “will allow us to give our customers, and the market in general, an unparalleled breadth of product offerings and innovative packaging designs with a strong and shared cultural focus on quality, service and value.”

He also praised Castle Harlan’s “long history of partnering with management teams to realize shareholder value through superior customer service.”

William Pruellage, the Castle Harlan senior managing director who led the firm’s negotiating team, said the acquisition was a “win-win deal all around.”

“There is very little overlap in customers between the two companies, which will enable Pretium to offer a broader range of products and services to an existing customer base,” Pruellage said. “In addition, we see abundant opportunities for the combined company to expand its customer base geographically, and we believe management is energized to do that.”

Anand Philip, vice president of Castle Harlan, said, “We at Castle Harlan look forward to working closely with Pretium and Novapak to help spur their growth in the years ahead. We are confident that the combined platform has significant opportunities for expansion on top of a stable existing base business.”

Castle Harlan, founded in 1987, invests in controlling interests in the buyout and development of middle-market companies in North America and Europe. Its team of 19 investment professionals has completed 50 acquisitions since its inception with a total value in excess of $9 billion. Castle Harlan currently manages investment funds with equity commitments of $2.5 billion. The firm traces its roots to the start of the institutionalized private-equity business in the late 1960s.

Castle Harlan's current portfolio companies, which employ more than 42,000 people, include Ames True Temper, the manufacturer of lawn and garden tools and accessories, Baker & Taylor, the world’s largest distributor of books and entertainment products to libraries and retailers, and Associated Packaging Technologies, Inc., the leader in specialty packaging for the frozen food industry.