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SPG acquires Clark Foam Corporation to enhance engineered packaging offerings

Jun 18, 2024•over 1 year ago

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.

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/.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed