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SPG acquires Clark Foam Corporation to enhance engineered packaging offerings

PRIVATEJun 18, 2024

Acquiring Company

Specialized Packaging Group

Acquired Company

Clark Foam Corporation

OaklandIllinoisManufacturing

Description

Monroe Capital LLC acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Clark Foam Corporation by Specialized Packaging Group. This acquisition will enhance SPG’s existing capability set by expanding its engineered packaging offerings and geographic reach, as well as contributing approximately 50 employees to its workforce.

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Company Information

Company

Specialized Packaging Group

Location

Oakland, California, United States

About

Specialized Packaging Group, Inc. is a vertically integrated provider of protective packaging products and one of the largest independent manufacturers of protective packaging in North America. The company operates under three divisions: IVEX, Packaging Concepts & Design (PCD), and ProtecPac. IVEX manufactures a range of packaging materials at six facilities across the U.S., Canada and Mexico, PCD is a leader in the design and delivery of highly engineered packaging products and solutions, and ProtecPac designs and manufactures customized packaging solutions at ten facilities in the U.S. and Mexico. For more information, visit https://spg-ges.com/.

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Frequently asked

Who acquired Clark Foam Corporation?

Clark Foam Corporation was acquired by Specialized Packaging Group, based in Oakland. The deal was reported on June 18, 2024. Specialized Packaging Group, Inc. is a vertically integrated provider of protective packaging products and one of the largest independent manufacturers of protective packaging in North America. Specialized Packaging Group is privately held.

When did Specialized Packaging Group acquire Clark Foam Corporation?

Specialized Packaging Group's acquisition of Clark Foam Corporation was reported on June 18, 2024. Monroe Capital LLC acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Clark Foam Corporation by Specialized Packaging Group. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Clark Foam Corporation do?

Clark Foam Corporation provides custom-designed packaging solutions for a diverse array of end markets, including healthcare and medical, consumer products, energy, technology and semiconductors, defense, heavy equipment, and general industrial materials. It is privately held, operating in Manufacturing, and is based in Illinois.

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