Specialized Packaging Group Acquires Clark Foam

Specialized Packaging Group (SPG), a portfolio company of Altamont Capital Partners, has acquired Clark Foam Corporation, a Bolingbrook, Illinois-based custom foam and protective packaging manufacturer. The add-on expands SPG's engineered packaging capabilities and Midwest footprint, adds approximately 50 employees, and sees Clark Foam owner Jim Clark retire from day-to-day operations while remaining on as an advisor for a transition period.