CLYSAR acquired by INTERTAPE POLYMER GROUP

Intertape Polymer Group, the packaging manufacturer owned by Clearlake Capital Group since 2022, acquired Clysar, the Clinton, Iowa-based maker of polyolefin shrink film, in a deal announced on 1 October 2026. Clearlake had identified Clysar as an acquisition target early in its investment in IPG. Clysar was to operate as Clysar, an IPG Company, keeping its brand alongside IPG's own Exlfilm shrink film brand, which gave the group two established brands in the category. IPG expected the deal to strengthen its relationships with distribution partners and end users, expand its North American manufacturing capacity and reinforce its long-term commitment to shrink film. Chief executive Pete Durette said IPG saw an opportunity to build on Clysar's brand, products and team while drawing on the broader IPG platform. Clearlake co-founder and managing partner José E. Feliciano and partner Arta Tabaee worked on the transaction for the sponsor.