Intertape Polymer Group acquires shrink-film maker Clysar
What's the deal? Intertape Polymer Group (IPG)Dealroom has a profile for this one. Try Dealroom →, the packaging manufacturer backed by Clearlake Capital GroupDealroom has a profile for this one. Try Dealroom →, has acquired ClysarDealroom has a profile for this one. Try Dealroom →, a maker of shrink film. Terms were not disclosed.
What's the endgame? The acquisition expands IPG's packaging portfolio by adding Clysar's shrink-film products, deepening its presence in protective and consumer packaging.
Who's behind it? Clearlake Capital, the private equity firm that owns IPG, was founded in 2006 and manages more than $185 billion in assets. It applies a hands-on operating approach it calls O.P.S.® — Operations, People, Strategy — to the businesses it backs.
The signal: The deal reflects continued consolidation in packaging, as private equity-backed manufacturers add product lines through bolt-on acquisitions rather than build capacity from scratch.
Read more: financialpost.com
Image credit: erasmokaufman
