Precision Concepts International, LLC Appoints Pete Bitter as Vice President of Corporate Development and PMO

HUNTERSVILLE, N.C., Sept. 16, 2026 /PRNewswire/ -- Precision Concepts International, LLC ("PCI"), a portfolio company of The Sterling Group ("Sterling"), today announced the appointment of Pete Bitter as Vice President of Corporate Development and Project Management Office ("PMO"), effective September 14, 2026.

Mr. Bitter brings more than two decades of transaction and corporate finance experience in industrial businesses to PCI. He most recently served as Senior Vice President, Global Corporate Development and Transformation at MCC Label, a portfolio company of CD&R, where he led development and execution of strategic and corporate finance projects including M&A and value creation initiatives. Prior to MCC Label, Mr. Bitter spent twelve years at Altium Packaging, LLC, a portfolio company of Bain Capital and, subsequently, Loews Corporation. Earlier in his career, Mr. Bitter held corporate development and investment banking roles at INVISTA (Koch Industries), Macquarie Group, The Home Depot / HD Supply, and PM Corporate Finance.

"Pete's track record leading M&A strategy and execution at scale makes him an ideal fit as we continue to grow the PCI platform through disciplined M&A and organic growth initiatives. We are thrilled to welcome him to the team," said Ray Grupinski, Chief Executive Officer of PCI.

Ken Swanson, Chairman of the Board of PCI, added "Pete brings deep transaction experience and strong project management credentials to PCI. His addition strengthens our team and our capabilities as PCI pursues its next phase of growth."

"PCI and Sterling have built a strong foundation and a clear expansion strategy. I look forward to helping the team as we work toward building a national leader in specialty rigid packaging," said Pete Bitter, VP of Corporate Development and PMO at PCI.

About Precision Concepts

Based in Huntersville, North Carolina, Precision Concepts is a diversified manufacturer of specialty rigid packaging solutions (bottles, jars, vials, closures, spouts, sticks, tubes) serving the personal care, medical, household, and food and beverage industries. The company has ~1,200 employees and eighteen manufacturing facilities primarily located in the United States and Canada. For further information, please visit www.pcinternational.com.

About The Sterling Group

Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $1 billion. Sterling has sponsored the buyout of 78 platform companies and numerous add-on acquisitions for a total transaction value of over $27 billion. Sterling currently has approximately $9 billion of assets under management. For further information, please visit www.sterling-group.com.

Past performance is no guarantee of future results and all investments are subject to loss. Forward-looking statements reflect current intentions only and are subject to change without notice. No assurance can be given that the objectives or results described herein will be achieved.

SOURCE Precision Concepts International, LLC