Key Takeaways
- • Intertape Polymer Group, a Clearlake Capital Group portfolio company, acquired Clysar, a Clinton, Iowa-based polyolefin shrink film manufacturer founded in 1963.
- • Clysar will operate as a standalone brand under the IPG umbrella alongside the Exlfilm brand, with Vicki Larson remaining as president.
- • The acquisition expands IPG's North American manufacturing footprint and adds shrink film capabilities to complement its existing pressure-sensitive tapes, stretch films, protective packaging, and packaging machinery.
- • Clysar serves North American distributors and end users across retail, food, and multipacking applications with clear plastic shrink film products.
Summary
Intertape Polymer Group, a Clearlake Capital Group portfolio company, has completed the acquisition of Clysar, a manufacturer of polyolefin shrink film based in Clinton, Iowa. Clysar, which has operated since its founding in 1963, will continue as a branded subsidiary operating as "Clysar, an IPG Company" alongside IPG's existing Exlfilm brand.
Clysar specializes in the production of clear plastic shrink film used to bundle and protect retail goods, food products, and multipacks. The company sells to a network of distributors and end users across North America. The acquisition strengthens IPG's portfolio in a strategically important segment of the packaging market. IPG CEO Pete Durette characterized Clysar as bringing "a trusted brand, high-quality products and a talented team" while expanding IPG's North American manufacturing capabilities in the shrink film category.
IPG, headquartered in Sarasota, Florida, manufactures a diverse range of packaging solutions including pressure-sensitive and water-activated tapes, stretch and shrink films, protective packaging materials, woven and non-woven products, and packaging machinery. The addition of Clysar's specialized shrink film operations and established market presence enhances IPG's vertical integration and manufacturing reach across North America, complementing its existing product lines and customer relationships in the broader packaging sector.
Clysar specializes in the production of clear plastic shrink film used to bundle and protect retail goods, food products, and multipacks. The company sells to a network of distributors and end users across North America. The acquisition strengthens IPG's portfolio in a strategically important segment of the packaging market. IPG CEO Pete Durette characterized Clysar as bringing "a trusted brand, high-quality products and a talented team" while expanding IPG's North American manufacturing capabilities in the shrink film category.
IPG, headquartered in Sarasota, Florida, manufactures a diverse range of packaging solutions including pressure-sensitive and water-activated tapes, stretch and shrink films, protective packaging materials, woven and non-woven products, and packaging machinery. The addition of Clysar's specialized shrink film operations and established market presence enhances IPG's vertical integration and manufacturing reach across North America, complementing its existing product lines and customer relationships in the broader packaging sector.
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