Company Research Report: Presto Packaging Solutions

Company Overview

• Name: Presto Packaging Solutions

• Mission of the Company: Presto aims to be a leading direct manufacturer of quality primary packaging. The company is driven by agility, efficiency, and expertise in creating essential components for personal beauty experiences.

• Founded:

• Presto Yuxing Plastic Package Co., Ltd was founded in 1999.

• Zhejiang Yongsheng Packing Co., Ltd was founded in 1984.

• Key People: Not specified

• Headquarters: The company has a US sales and operations office in New Jersey. Its manufacturing facilities are located in Zhejiang Province, China.

• Number of Employees:

• Presto Yuxing Plastic Package Co., Ltd: 500 employees

• Zhejiang Yongsheng Packing Co., Ltd: 350 employees

• Revenue: No information is available.

• Known For: Presto is recognized for its expertise in the manufacture of cosmetic, skincare, personal care, and fragrance packaging. It is widely known for its ability to deliver customized and eco-friendly packaging solutions.

Products

Overview

Presto offers a diverse range of packaging solutions, focusing on the beauty and personal care sectors. Their product line includes both stock and customized options, and they are particularly eco-conscious, utilizing bio-based or recycled materials.

• Lip Gloss

• Components are made with 30% PCR PET (replaces PETG).

• Lipstick

• Developed using refillable natural porcelain material.

• Mechanical Pencil

• Compact

• Produced with 70% PCR ABS and 30% PCR materials.

• Tube

• Composed of PCR and sugarcane materials.

• Foundation

• Loose Powder Jar

• Comprises 70% PCR ABS and 70% PCR PET.

• Deodorant Stick

• Bottle

• Produced with HDPE and PET materials, using 60%-70% PCR PET.

• Fragrance Closure/Sprayer

Key Features of Products

• Strong focus on eco-friendly materials, utilizing post-consumer recycled (PCR) content.

• Offers distinct customization options for brands.

• Fast production and lead times due to local and proprietary manufacturing operations.

Recent Developments

New Products and Features

• Fragrance Sprayer Line: Presto developed a line of fragrance sprayers, significantly reducing production lead times from over 30 weeks to 8 weeks.

Partnerships and Success Stories

• Ulta Beauty: Presto acts as the lead supplier for Ulta Beauty, providing engineered and competitively priced packaging solutions. Their partnership resulted in winning the NJPEC Technical Merit Award.

• Milani: Presto crafted eye-catching packaging for Milani’s best-selling lip balm, winning the 2022 NJPEC award for Graphics.

• Kosas: Presto developed a unique packaging component for Kosas' lip balm, Lip Fuel, which garnered the NJPEC Health and Beauty Platinum Award in 2019.

Conclusion

Presto Packaging Solutions exemplifies excellence in packaging with a distinctive focus on sustainability and customer partnership. The company's manufacturing prowess, combined with an agile and customer-oriented approach, makes it a key player in the packaging industry, particularly within the beauty and personal care sectors.