DOWNERS GROVE, Ill. – March 29, 2021 – PLZ Aeroscience Corporation (“PLZ”), North America’s largest independent specialty aerosol and liquid product manufacturer, announced today the appointment of Gary Hendrickson as Senior Advisor. Mr. Hendrickson will play a key role supporting President and CEO Aaron Erter in the Company’s strategic growth and development efforts.
Mr. Hendrickson brings a proven track record of leadership, growth and value creation to PLZ. In his new position, he will support PLZ’s management team in strengthening the Company’s value proposition for its customers and enhancing technology capabilities across the enterprise. Mr. Hendrickson will also focus on identifying opportunities for value-add acquisitions across PLZ’s end markets.
“I am thrilled to join PLZ as the Company continues to grow and strengthen its leadership position across the markets it serves,” said Mr. Hendrickson. “PLZ is respected across the industry for its partnership with customers, commitment to operational excellence and focus on safety. I look forward to partnering with Aaron and the Pritzker Private Capital team as PLZ continues its relentless focus on bringing value to our customers.”
“Gary’s extensive leadership experience makes him the ideal partner to support PLZ’s continued growth and development as a world-class organization,” said Mr. Erter. “I have had the opportunity to work with Gary in the past and am excited about the value I know he will bring to our organization.”
“Over the last five years, we have partnered with PLZ as the Company established itself as the market leader in specialty aerosol and liquid manufacturing,” said Terry Sutter, Operating Partner at Pritzker Private Capital. “PLZ has entered new markets and products through a series of add-on acquisitions, increased its footprint with 10 additional facilities and expanded its employee base. We are pleased to continue to support PLZ as the Company delivers results for its customers and pursues attractive growth opportunities.”
Prior to joining PLZ Aeroscience, Mr. Hendrickson was Chairman, President, and Chief Executive Officer of the Valspar Corporation. He previously held several senior-level positions at Valspar, including President and Chief Operating Officer, Asia-Pacific President and Senior Vice President leading the company’s consumer paint division. Prior to joining Valspar, Mr. Hendrickson served for 11 years in the U.S. Navy as Lieutenant Commander. He serves on the boards of directors for several public companies. Mr. Hendrickson received a B.A. degree from The University of Connecticut and an MBA from Harvard Business School.
PLZ recently expanded its capabilities with the September 2020 acquisition of Mansfield-King, a leading contract manufacturer of specialty personal care products. Headquartered outside Chicago, PLZ is owned by Pritzker Private Capital and management.
About PLZ Aeroscience
PLZ Aeroscience is a leader in specialty aerosol and liquid product technologies. PLZ specializes in the development, manufacturing, packaging and distribution of a comprehensive line of contract fill, branded and private-label products. PLZ has a robust and proprietary portfolio of products in personal care, food service, maintenance, specialty and industrial, cleaning and automotive. For more information, visit PLZAeroscience.com.
About Pritzker Private Capital
Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products, services and healthcare 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 PPCPartners.com.
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