Kelso & Co, a private equity firm, completed the acquisition of a majority stake in CL Smith, a rigid packaging provider, from Nancy Smith. Financial terms were not disclosed. “At Kelso, we constantly seek opportunities to partner with experienced operators with successful track records. Sarah Macdonald and the C.L. Smith management team have generated impressive historical performance while further strengthening the company’s differentiated market position. We look forward to working together to continue C.L. Smith’s exceptional growth trajectory,” Sandy Osborne, Kelso Investment Partner.