St. Louis, MO, and Santa Monica, CA, August 26, 2024 – Clearlake Capital Group, a prominent investment firm, announced today that its portfolio company, Pretium Packaging, has appointed James Rooney as the new Chief Executive Officer. This strategic move aligns with Pretium’s ongoing commitment to enhancing its market presence and driving sustainable growth in the packaging industry.
James Rooney, a seasoned executive with over 30 years of experience in the packaging sector, brings a wealth of knowledge and leadership expertise to Pretium Packaging. His most recent role as CEO of DazPak Flexible Packaging highlighted his ability to navigate complex markets, implement operational efficiencies, and spearhead innovation initiatives. Rooney’s appointment marks a significant step in Pretium’s journey toward becoming a leading provider of rigid plastic packaging solutions.
Clearlake Capital’s backing of Pretium Packaging has been instrumental in the company’s rapid expansion and operational advancements. Since its acquisition, Pretium has made significant strides in broadening its product offerings and improving its manufacturing capabilities. Rooney’s leadership is expected to further amplify these efforts, particularly in areas of sustainability and innovation, which are increasingly critical in today’s market.
Rooney expressed his enthusiasm for joining Pretium, stating, “I am honored to lead Pretium Packaging at such an exciting time in the company’s history. With Clearlake’s support, we are well-positioned to accelerate our growth trajectory, expand our market reach, and continue delivering high-quality, sustainable packaging solutions to our customers.”
Under Rooney’s guidance, Pretium is expected to sharpen its focus on strategic initiatives that align with industry trends, including the growing demand for eco-friendly packaging solutions. His track record of successfully managing and growing packaging businesses will be a valuable asset as Pretium seeks to enhance its competitive edge and market leadership.
Clearlake Capital is optimistic about the impact Rooney will have on Pretium’s future, with a shared vision of driving long-term value creation through innovation and operational excellence. Rooney’s appointment reaffirms Pretium’s dedication to advancing its strategic goals while maintaining a strong commitment to sustainability and customer satisfaction.
This leadership change comes at a pivotal moment for Pretium, as the company continues to expand its footprint in the global packaging market. With Rooney at the helm, Pretium is poised to capitalize on new opportunities and navigate the challenges of an evolving industry landscape.
