RYE BROOK, N.Y., May 4, 2016 /PRNewswire/ -- Precision Global, a leading global manufacturer of aerosol valves, actuators and other dispensing solutions across a variety of end markets, today announced that Mario Barbero has been appointed Chief Executive Officer, effective immediately. Mr. Barbero succeeds Doug Hind, who will retire from day-to-day leadership after successfully managing Precision Global for the past several years and through its acquisition by an affiliate of Peak Rock Capital in May 2015.
Mr. Barbero joins Precision Global with nearly 20 years of experience in the value-added packaging industry, most recently as Chief Executive Officer of ALLTUB Group, a leading manufacturer and supplier of collapsible aluminum tubes and aerosol cans. Mr. Barbero was responsible for 1,200 employees and multiple production plants and sales offices across Europe, North America, Latin America and Asia.
Robert Strauss, a Director of Precision Global, said, "On behalf of the Board, we are delighted to welcome Mario to the Precision Global team. Mario is a highly-talented international packaging executive with extensive experience serving many of the same end markets and multinational customers that Precision Global serves today. His demonstrated track record of driving significant value creation across both sales and operations is a great fit for Precision as it continues to pursue numerous compelling growth opportunities."
Mr. Strauss continued, "We would like to thank Doug for his leadership in helping to build Precision Global into a leading global dispensing solutions company. His hard work and dedication have provided a great foundation for long-term success."
Mr. Barbero said, "I'm both honored and excited to join Precision Global. The company enjoys a strong reputation for providing the highest levels of quality, broadest product assortment and outstanding customer service. With a leading global footprint and differentiated technical expertise, Precision is well-positioned for continued industry leadership and rapid growth. I look forward to working with my new colleagues to pursue exciting and transformational growth initiatives."
Mr. Hind added, "The last four years have been tremendously exciting, and I am confident that Precision Global will go from strength to strength in the dispensing solutions marketplace."
Before joining ALLTUB in 2005, Mr. Barbero worked for five years in various roles at Alcan Beauty Packaging, a global packaging company focused on personal care, pharmaceutical, and other consumer end markets. Mr. Barbero holds a Master's degree in economics and commerce from the University of Turin.
About Precision Global
Founded in 1949, Precision Global is the inventor of the modern aerosol valve and a leading global manufacturer of aerosol 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, the Company operates a multinational network of facilities spanning sixteen countries on six continents. For more information about Precision Global, please visit precisionglobal.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mario-barbero-named-chief-executive-officer-of-precision-global-300262662.html
SOURCE Peak Rock Capital; Precision Global