May 5, 2021
Kelso & Company Acquires C.L. Smith
Kelso has acquired a majority interest in C.L. Smith Company, a distributor of rigid packaging solutions, combining it with its existing investment in Inmark.
In this article
New York. Kelso & Company and affiliated funds have acquired a majority interest in C.L. Smith Company, a distributor of rigid packaging solutions. C.L. Smith is combined with Kelso's existing investment in Inmark, a distributor of rigid container and life sciences packaging products. Financial terms of the private transaction were not disclosed.
About C.L. Smith
Founded in 1975, C.L. Smith is a one stop shop for rigid packaging distribution, manufacturing, custom design and hazardous material certification, serving a diverse range of customers and end markets. In addition to the company's rigid packaging design, warehousing and distribution capabilities, C.L. Smith operates Lyons Blow Molding, an extrusion blow molding facility.
In their words
Kelso acquired its interest in C.L. Smith from Nancy Smith who, along with C.L. Smith management, is investing significant proceeds in connection with the transaction. "C.L. Smith has a long and rich history of providing best-in-class customer service," said Nancy Smith. "We are excited to partner with Kelso who shares in our passion for customer care, our people, and our culture."
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