New York-based Precision Global, a portfolio company of Peak Rock Capital and a maker of valves, actuators and other dispensing solutions, has acquired Ralpet Plastics Pty Ltd, an Australian maker of injection and blow molded plastics products.
Headquartered outside of Sydney, Australia, Ralpet manufactures a variety of products and contract manufacturers across numerous end markets, including food & beverage, industrial and pharmaceutical.
Robert Strauss, Director of Precision Global and Managing Director of Peak Rock Capital, said, “We are delighted that Precision has acquired Ralpet and look forward to the Company continuing to build on the strong foundation Ralpet’s management team has created over the past three decades”.