Pretium Packaging (Clearlake-backed) Acquires Alpha Packaging from Irving Place Capital

Clearlake Capital Group Supports Pretium Packaging Pre-Packaged Restructuring and Capital Structure Optimization

March 3, 2026

Packaging

Pretium Packaging completed a pre-packaged restructuring transaction to optimize its capital structure in partnership with its existing lenders and equity sponsor, Clearlake. The deal reduces funded debt by more than $900 million, provides over $175 million of liquidity, and includes more than $500 million of new debt commitments plus a $50 million new equity investment from Clearlake.

Mereo Capital Partners and Hyperion Capital Partners Acquire Algus Packaging

November 28, 2022

Manufacturing

Mereo Capital Partners and Hyperion Capital Partners have acquired Algus Packaging LLC, a DeKalb, Illinois-based manufacturer of thermoformed blister and clamshell packaging and blister seal machines. The transaction closed on November 2, 2022, with the buyers partnering with Algus management to invest in future growth and expand the company's packaging and manufacturing capabilities.

Summit Plastics (LongueVue Capital Portfolio) Acquires Clear View Packaging

January 27, 2022

Packaging

Summit Plastics, a LongueVue Capital portfolio company, has acquired Clear View Packaging, a 50+-year-old custom flexible packaging manufacturer based in Albany, New York. The add-on expands Summit's geographic footprint, product offerings and vertical integration across the packaging value chain while preserving continuity for Clear View's employees and customers.

Clearlake-backed Pretium Packaging Acquires Grupo Edid

December 16, 2021

Packaging

Clearlake Capital-backed Pretium Packaging has acquired Grupo Edid, a family-owned Mexican rigid packaging manufacturer and paperboard printer headquartered in Lerma, Mexico. The add-on acquisition expands Pretium's manufacturing footprint into Mexico and brings Grupo Edid's sustainability-focused capabilities (thin-wall injection molding and FSC-certified printed packaging) into the Pretium platform.

Clearlake Capital Acquires Pretium Packaging from Genstar Capital

January 15, 2020

Packaging

Clearlake Capital Group, in partnership with Pretium management, has acquired Pretium Packaging from Genstar Capital. Pretium is a leading North American designer and manufacturer of rigid plastic packaging (containers, bottles, closures) headquartered in Chesterfield, Missouri, with a national footprint of 19 facilities; financial terms were not disclosed. Clearlake intends to operate Pretium as a buy-and-build platform to drive organic growth and pursue add-on acquisitions.

Pretium Packaging Acquires Olcott Plastics

April 16, 2019

Packaging

Pretium Packaging has acquired Olcott Plastics, a St. Charles, Illinois-based injection molder and maker of jars and closures, expanding Pretium's personal care/beauty packaging capabilities and national product offering. The transaction was sponsored by Genstar Capital and retains Olcott's existing employees and management.