Pritzker Group Private Capital acquired Chicago-based PLZ Aeroscience, a North American specialty aerosol product manufacturer, from Olympus Partners.
Pritzker Group Private Capital is investing alongside the PLZ management team, which will remain a significant shareholder, continue to lead the company and serve on its board of directors.
The amount of the deal was not disclosed.
Led by John Ferring, chairman, and Ed Byczynski, chief executive officer, 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.
Business units include Plaze, Sprayway, Claire, CPC, Camie-Campbell, K-G Spray-Pak, Assured Packaging and Maid Brands.
The company formulates, blends, fills and packages more than 2,500 branded and private-label products including industrial solvents, lubricants and degreasers, adhesives, sanitary supply disinfectants, insecticides, cleaners, polishes, air fresheners and personal-care products.