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Announced

Completed

Altamont-backed Specialized Packaging Group completed the acquisition of Clark Foam.

Synopsis

Altamont-backed Specialized Packaging Group, a provider of protective packaging products, completed the acquisition of Clark Foam, a custom-designed packaging solutions provider. Financial terms were not disclosed. "With SPG, we have found a partner that shares our vision and has the resources to accelerate our growth plans in new and existing markets. The Clark Foam team is thrilled to join SPG, and we look forward to taking our combined business to the next level. In addition, and after building Clark Foam from the ground up, it was important to know that the company would be in good hands after I step away from day-to-day operations. SPG will continue our legacy of building strong, one-on-one relationships with customers and providing high-quality service and products. I'm grateful for a smooth and successful transaction that led to the best possible result for Clark Foam and our employees," Jim Clark, Clark Foam President and Owner.

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