DOWNERS GROVE, IL – March 1, 2024 – PLZ Corp (“PLZ”), North America’s largest aerosol and liquid product manufacturer, today announced the sale of Custom-Pak Products, Inc. (“Custom-Pak”) to the family of John Ferring IV, PLZ’s executive chairman of the board. Mr. Ferring, son of PLZ’s founder, was previously majority owner of PLZ and led the business from 1978 – 2012.
Based in Germantown, Wisconsin, Custom-Pak manufactures aerosol paints to match a variety of finishes for use in paint pens, brush-in lid bottles and other specialty applications. PLZ acquired Custom-Pak in 2020.
“PLZ continues to execute our strategy to optimize our business by focusing on core areas of growth,” said Brett Finley, CEO of PLZ Corp. “While Custom-Pak is a great business, we’ve determined that the niche nature of the business is no longer a strategic fit for PLZ’s long-term plans. This divestiture simplifies our business and positions PLZ for growth as we serve our customers.”
John Ferring, PLZ’s executive chairman of the board since 2005, intends to retire as executive chairman at the end of 2024. He will remain a shareholder and member of the PLZ board. Nick Ferring, senior vice president of sales at PLZ, has been named CEO of Custom-Pak.
About PLZ Corp
PLZ Corp is the North American leader in 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. PLZ formulates, blends, fills and packages more than 2,500 branded and private-label products including personal care products, cleaners and polishes, industrial solvents, lubricants and degreasers, adhesives, sanitary supply disinfectants, insecticides and air fresheners for home and industrial use. Headquartered outside Chicago, PLZ is owned by Pritzker Private Capital and management. For more information, visit www.plzcorp.com.
About Pritzker Private Capital
Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products and services sectors. The firm’s differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur-and family-owned companies. Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, visit www.ppcpartners.com.
