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Monroe Capital Supports Specialized Packaging Group’s Acquisition of Clark Foam Corporation

June 18, 2024, 07:10 AM
Filed Under: Packaging
Related: Monroe Capital

Monroe Capital acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Clark Foam Corporation (“Clark Foam”) by Specialized Packaging Group (“SPG”), an existing portfolio company of Altamont Capital Partners.

SPG is a leading vertically integrated provider of protective packaging products. Based in Illinois, Clark Foam provides custom-designed packaging solutions for a diverse array of end markets, including healthcare and medical, consumer products, energy, technology and semiconductors, defense, heavy equipment, and general industrial materials. The acquisition will enhance SPG’s existing capability set by expanding its engineered packaging offerings and geographic reach while adding approximately 50 employees to its 1,700-person workforce.

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