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.
- Targets
- Mold‑Rite Plastics
- Sellers
- Irving Place Capital
- Industry
- Packaging
- Location
- New York, United States
- Transaction Type
- Buyout
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