CHICAGO – Code  Hennessy & Simmons LLC (“CHS”) today announced the sale of Precise Technology, Inc. (“Precise”), a portfolio investment of Code Hennessy & Simmons IV LP, to Rexam Plc, the global consumer packaging company and the world’s leading beverage can maker.   

Precise is a leading, full-service custom injection molder of high quality precision thermoplastic components and assemblies serving the personal care, healthcare, consumer packaging, and food and beverage markets.

“CHS provided important support to our business. Their willingness to invest in human and capital resources through periods of industry overcapacity and volatile raw material prices helped build a world-class manufacturing platform with prospects for growth in all of our target markets,” said John Weeks, Chairman and CEO of Precise.

CHS is a Chicago-based private equity firm specializing in private equity investments and recapitalizations of middle market companies in partnership with management. CHS has formed five private equity funds and currently manages over $2.5 billion of capital.