Readers last week were most interested in yet another acquisition: IPG to be Acquired by Clearlake Capital in $2.6 Billion Transaction
“We believe this transaction is a great next step in the evolution of our business as Clearlake has strong industry knowledge in the protective packaging and e-commerce ecosystems,” said Greg Yull, president and CEO of IPG. “Clearlake provides us the operational and financial resources to accelerate our acquisition strategy, as well as organic growth opportunities such as investing in product innovation, sustainability, and market expansion. We have built a scaled business serving a diverse set of growing end markets, and have seen particularly strong growth in our large e-commerce segment. Clearlake’s investment reflects its confidence in our people, processes, and strategy, and this transaction will advance our vision of becoming a global leader in packaging and protective solutions. We believe this all-cash transaction represents an attractive return and provides certainty for our shareholder base.”
What factors are influencing all of the merger and acquisition activity we’ve seen in the past year or so? Check out “Continued Consolidation in the Adhesives and Sealants Sector” for details.
Top 5 News that Sticks for March 20-26
- IPG to be Acquired by Clearlake Capital in $2.6 Billion Transaction
- Mactac Acquires Southern California Distribution Center
- Henkel to Stop Investments in Russia
- Arkema Finalizes Acquisition of Ashland’s Performance Adhesives Business #1 last week
- Stander Named President and Chief Operating Officer of Avery Dennison
This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media channels.