Clearlake Capital Acquires Mold-Rite Plastics from Irving Place Capital

September 14, 2021

Clearlake Capital Group has signed a definitive agreement to acquire Mold-Rite Plastics from Irving Place Capital. Mold-Rite, headquartered in Plattsburgh, New York, manufactures plastic closures, jars and child‑resistant dispensing solutions for healthcare, wellness, specialty food and personal care markets; financial terms were not disclosed. Clearlake called this a new platform investment to expand in healthcare and wellness packaging and to pursue organic growth and strategic add‑on acquisitions in the fragmented sector.

Buyers
Clearlake Capital Group, L.P.
Targets
Mold‑Rite Plastics
Sellers
Irving Place Capital
Industry
Packaging
Location
New York, United States
Transaction Type
Buyout

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