October 10, 2016

PRECISION GLOBAL NAMES THREE HIGHLY EXPERIENCED PROFESSIONALS TO ITS SALES TEAM

Rye Brook, New York, October 10, 2016 – Precision Global (“Precision” or the “Company”), a leading global manufacturer of valves, actuators, and other dispensing solutions serving a variety of end markets, today announced that the Company has recently made three key appointments in its sales organization:

  • Matthias Welp as Director Global Account Management;
  • Abe Baksh as Bag-On-Valve (“BOV”) Sales Manager, North America; and
  • Pascal Delettang as Pump Sales Manager, North America.

Mr. Welp joins Precision in a key role based in Hattersheim, Germany. Mr. Welp is tasked with supporting the Company’s global sales teams as the primary liaison to international consumer packaged goods (“CPG”) customers, as well as leading sales initiatives for these accounts. Mr. Delettang and Mr. Baksh, who will both be based in Greenville, South Carolina, each bring over 25 years of industry expertise to their respective new roles with the Precision sales team in North America.

Markus Raab, Chief Commercial Officer of Precision, said, “We are excited to further bolster our sales team with the addition of these three talented professionals. Matthias is a highly experienced packaging industry professional who will support our global efforts to further enhance service to our valued international CPG customers.” Mr. Raab added, “Pascal and Abe are uniquely equipped to drive the growth of key product categories, including BOV and dispensing pumps, in North America.”

Mr. Raab concluded, “Precision looks forward to continually expanding and enhancing our sales function, which is critical to the unparalleled customer experience we strive to offer.”

 

Matthias Welp

Mr. Welp has more than a decade of experience in global sales management in the packaging industry, as well as 15 years of experience in marketing and sales for consumer brands. Most recently, he was a Sales Director at Carl Edelmann, a leading carton packaging manufacturer. Prior to that, Mr. Welp held a number of different leadership positions at L’Oréal Group.

Abe Baksh

Mr. Baksh has 25 years of experience in BOV technology, having worked in a wide range of areas, including production and process development, manufacturing, quality control, material management, product application, troubleshooting, and business development. He previously has worked for CCL, EP Spray System, and Lindal.

Pascal Delettang

Mr. Delettang has more than 25 years of experience in the pump technology industry. His areas of expertise include sales and key account management. Previously, Mr. Delettang worked for Calmar’s European and USA operations, Emsar, and HK Blossom International.

 

About Precision Global

Founded in 1949, Precision Global is the inventor of the modern aerosol valve and a leading global manufacturer of valves, actuators and other dispensing solutions for a variety of end markets, including personal care, household, food & beverage, industrial and pharmaceutical. Based in New York, Precision operates a multinational network of facilities spanning sixteen countries on six continents. For more information about Precision, please visit precisionglobal.com.

About Peak Rock Capital

Peak Rock Capital is a leading middle-market private equity firm that makes equity and debt investments in companies in North America and Europe. Peak Rock focuses on investing in opportunities where it can support senior management in driving rapid growth and profit improvement through operational and strategic change. Peak Rock’s principals have deep expertise in complex situations and cross border transactions, with the ability to provide tailored capital solutions and close transactions quickly where speed and certainty are priorities. For more information about Peak Rock Capital, please visit www.peakrockcapital.com.

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