Discover your next big idea at PACK EXPO Las Vegas this September
Experience a breakthrough in packaging & processing and transform your business with solutions from 2,300 suppliers spanning all industries.
REGISTER NOW & SAVE

Clear Lam Packaging, Inc. sells Thermoforming Division to D&W Fine Pack

Clear Lam Packaging, Inc. has announced the sale of its Thermoforming Division to D&W Fine Pack, a foodservice packager and a portfolio company of Mid Oaks Investments, LLC.

D&W Fine Pack is headquartered in Fountain Inn, SC. Terms of the sale are not being disclosed. BMO Capital Markets served as exclusive financial advisor to Clear Lam in the transaction.
      
With annual sales of approximately $80 million, the Clear Lam Thermoforming Division is a major supplier of food packaging containers made from polyethylene terephthalate (PET) and polylactic acid (PLA) to leading North American food processors and retailers. The sale includes facilities located in Elk Grove Village, IL, Vernon, CA, and one international facility in Nanjing, China. 
      
“We are big believers in the thermoforming sector and believe that the combination of our companies will make the business uniquely qualified to serve the marketplace,” said James Sanfilippo, President and CEO of Clear Lam Packaging, Inc. “We also recognize that scale is important for sustained growth in our industry and we expect our customers to benefit from the addition of D&W Fine Pack's other thermoforming product offerings and diverse manufacturing locations.”
       
“Combining Clear Lam Thermoforming with D&W’s existing portfolio of businesses will add innovative products and strengthen our focus on sustainability and environmental stewardship,” said Mark Staton, President and CEO, D&W Fine Pack. “With demand for renewable packaging materials growing, Clear Lam has made great strides in bringing new designs and technologies to market and we’re excited to tap into their technical expertise.”
      
Clear Lam will continue to own and operate its other three divisions, which accounted for over 65% of company revenue in 2011. Clear Lam plans to expand its Flexible Films and Forming Films divisions and anticipates explosive growth in its CL Polymers unit. CL Polymers manufactures proprietary compounds designed to improve performance characteristics for both bioplastics and traditional petroleum-based plastics.
      
“Clear Lam will continue to invest in new technologies that provide innovative solutions to our customers while reducing costs,” said Sanfilippo. “Developing new packaging structures that incorporate renewable raw materials or recycled content and designs that allow for light weighting will remain key areas of focus for the next several years.”
      
Clear Lam shall continue its mission to emphasize the use of renewable packaging materials produced from plant-based bioplastics along with ingredients that enhance performance. These materials are part of the company’s Project EarthClear™ program and replace petroleum-based plastics with biobased ingredients developed to reduce the introduction of fossil carbon into the atmosphere.

 

Conveying Innovations Report
Editors report on distinguishing characteristics that define each new product and collected video demonstrating the equipment or materials as displayed at the show. This topical report, winnowed from nearly 300 PACK EXPO collective booth visits, represents a categorized, organized account of individual items that were selected based on whether they were deemed to be both new, and truly innovative, based on decades of combined editorial experience in experiencing and evaluating PACK EXPO products.
Take me there
Conveying Innovations Report
Pharmaceutical Innovations Report
Discover the latest breakthrough packaging technologies shaping the pharmaceutical sector. This report dives into cutting-edge innovations, from smart containers that enhance patient safety to eco-friendly materials poised to transform the industry’s sustainability practices. All from PACK EXPO. Learn how forward-thinking strategies are driving efficiency and redefining what’s possible in pharma packaging.
Learn More
Pharmaceutical Innovations Report