CLYSAR HAS BEEN ACQUIRED BY INTERTAPE POLYMER GROUP

Prestwick is pleased to announce the sale of Clysar, LLC to Intertape Polymer Group (“IPG”), a portfolio company of Clearlake Capital Group. Prestwick acted as the exclusive financial advisor to Clysar and Cove Point Holdings, a New York City-based family office investment firm. The terms of the transaction were not disclosed.

Clysar (www.clysar.com) is a leading manufacturer of sustainable shrink packaging products based in Clinton, Iowa. Clysar has been a category leader in shrink films for more than 60 years, specializing in high-performance products for diverse, consumer-oriented packaging applications. Clysar’s robust line of proprietary recyclable films is trusted by distributors and end users across North America for its quality, performance, and reliability.

IPG (www.itape.com), headquartered in Sarasota, Florida, is a global provider of packaging and protective solutions across a diversified set of geographies and end markets. IPG develops, manufactures, and sells a variety of solutions, including paper and film-based pressure-sensitive and water-activated tapes, stretch and shrink films, protective packaging, woven and non-woven products, packaging machinery, and other specialty materials.

Clearlake Capital Group (www.clearlake.com) is a global asset manager with over $185 billion of assets under management that offers investment solutions across private equity, credit, infrastructure, secondaries, co-investments, and other related private market strategies.  The firm is headquartered in Santa Monica, California, and maintains 14 offices across the Americas, Europe, Asia, and the Middle East.