Clearlake Capital-backed Pretium Packaging completed the acquisition of Alpha Packaging from Irving Place Capital.

Clearlake Capital-backed Pretium Packaging, a manufacturer of plastic containers, completed the acquisition of Alpha Packaging, a manufacturer of plastic bottles and jars, from Irving Place Capital, a private equity firm. Financial terms were not disclosed. "We are excited to partner with a company that is aligned with our commitment to providing sustainable and complete packaging solutions for customers and will enhance our ability to capitalize on trends such as e-commerce growth and the increasing need for post-consumer recyclable solutions. By bringing together Pretium and Alpha's people, assets, and footprint, our combined platform will be able to better serve customers through enhanced solutions and production capabilities, which will help accelerate the combined company's growth," Paul Kayser, Pretium President and CEO.