Clearlake Capital Group, L.P.
Clearlake-backed Intertape Polymer Group acquires Clysar
Summary: Intertape Polymer Group announced on October 1, 2026 that it acquired Clysar, LLC, a North American polyolefin shrink-film manufacturer, with IPG identified as backed by Clearlake Capital Group, L.P. The announcement says financial terms were not disclosed and frames Clysar as an addition to IPG's shrink-film platform.
Why it matters: The update may matter to due-diligence readers as a public portfolio-company add-on acquisition signal for a Clearlake-backed packaging and specialty-materials platform, while it should not be used to infer valuation, fund exposure, operating performance, product quality, customer demand, returns, or investment merit.
Summary
Intertape Polymer Group announced on October 1, 2026 that it acquired Clysar, LLC. The source identifies IPG as backed by Clearlake Capital Group, L.P. and describes Clysar as a North American manufacturer of polyolefin shrink film.
The announcement says financial terms were not disclosed. It frames the transaction as expanding IPG’s shrink-film offering and North American manufacturing capabilities, with Clysar expected to go to market as Clysar, an IPG Company.
Why it matters
For due-diligence readers, the useful signal is a source-backed add-on acquisition at a Clearlake-backed packaging and specialty-materials platform. Portfolio-company acquisitions can help readers monitor where a manager-backed platform is adding product categories, manufacturing capacity, or operating scope.
The signal is bounded. The announcement does not disclose purchase price, financing, the relevant Clearlake vehicle, ownership percentages, Clysar financials, customer concentration, integration risk, or post-close operating results. It should not be read as evidence of Clearlake fund performance, transaction returns, product quality, customer demand, or investment merit.
Source notes
- Clearlake / IPG primary announcement,
Intertape Polymer Group, Backed by Clearlake Capital Group, Acquires Clysar: https://clearlake.com/news/intertape-polymer-group-backed-by-clearlake-capital-group-acquires-clysar/ - GlobeNewswire mirror of the same IPG announcement: https://www.globenewswire.com/news-release/2026/10/01/3373288/0/en/intertape-polymer-group-backed-by-clearlake-capital-group-acquires-clysar.html
- Official IAPD identity aid for Clearlake Capital Group / CRD 157920: https://adviserinfo.sec.gov/firm/summary/157920
- Source posture: primary manager/source-party announcement plus press-release mirror, suitable for source-attributed facts about the October 1, 2026 date, IPG/Clysar parties, Clearlake backing, Clysar’s business description, Clysar operating as an IPG company, and undisclosed financial terms.
- Verifier posture: the 2026-10-07 AM source reviewer cleared this item for drafting and found other local Clearlake posts, but no same-event local public post or draft for IPG/Clysar.
9AT filing context
Public adviser/profile context reviewed by 9AT maps Clearlake Capital Group, L.P. to CRD 157920, CIK 1688282, and SEC file 801-73993, with about $83.6 billion in ADV-reported profile scale. That context can help confirm the adviser identity behind the source-party acquisition announcement.
That filing-derived context is identity background only. It does not identify the buyer or seller, prove fund exposure, validate transaction economics, establish valuation, show portfolio-company performance, or support any recommendation about Clearlake, IPG, Clysar, or any fund.
No 13F or Form 5500 context is included for this item. Public-equity holdings and employee-benefit-plan filing context do not explain this private portfolio-company add-on acquisition.
What to watch
Watch for later IPG, Clysar, Clearlake, regulatory, or company materials that disclose integration updates, leadership changes, additional shrink-film or packaging acquisitions, debt or financing details, the relevant Clearlake vehicle if ever named, or any later recapitalization or exit event.
Future coverage should keep platform-expansion, manufacturing-capacity, product-portfolio, and operating-benefit language tied to public sources. It should not derive transaction quality, customer outcomes, or investment conclusions from Clearlake sponsorship or filing identity context alone.