Appointment alerts subsequent stage of progress and emphasis on well being & wellness segments for MRP
SANTA MONICA, Calif., and PLATTSBURGH, N.Y., Feb. 3, 2022 /PRNewswire/ — Mildew-Ceremony Packaging (“MRP”, “Mildew-Ceremony” or the “Firm”), a supplier of value-added packaging parts, akin to child-resistant closures, shelling out closures, and jars to quite a lot of end-markets with a concentrate on well being & wellness segments, at the moment introduced that Jim Fitzgerald will be part of MRP as CEO and a member of the Board of Administrators. MRP is majority-owned by an affiliate of Clearlake Capital Group, L.P. (along with its associates, “Clearlake“), who invested within the Firm in October 2021. Having served as President and CEO for 11 years, outgoing CEO Brian Bauerbach will retire from fulltime duties, however proceed to accomplice with MRP and Clearlake as a member of the Board of Administrators.
“We’re thrilled to welcome Jim to the MRP govt crew. Jim brings many years of expertise in healthcare manufacturing platforms, most lately at medical system and parts producer Flexan, the place he drove sustained natural income and earnings progress. His expertise aligns nicely with MRP’s worth proposition of offering sustainable packaging options to our prospects in our core finish markets, together with specialty meals, family, and private care, together with a deepening focus round well being & wellness segments,” mentioned José E. Feliciano, Co-Founder and Managing Companion, and Arta Tabaee, Managing Director, of Clearlake. “On behalf of Clearlake and the Firm, we wish to thank Brian for his management and dedication to MRP. Over the course of his 11 years main the Firm, he and his crew have scaled the enterprise right into a provider with merchandise which might be used every single day by thousands and thousands of customers all over the world. We all know Brian shares our enthusiasm for MRP, and we stay up for persevering with to profit from his expertise and experience on the Board.”
Mr. Fitzgerald has over 30 years of expertise main organizations in manufacturing centered on well being and wellness markets. Previous to becoming a member of MRP, he served as President and CEO of Flexan, in addition to Chief Working Officer of The Institute for Transfusion Medication and Government Vice President for Vesta (now a Lubrizol subsidiary). Mr. Fitzgerald’s data of each manufacturing and well being & wellness verticals, in addition to a concentrate on driving progress and operational excellence at every of his prior roles, are well-aligned with MRP’s technique.
“I’m excited to construct upon the inspiration that Brian and his crew have established at MRP and to accomplice with Clearlake on the following leg of the Firm’s and my skilled journeys. It’s uncommon to have such a compelling alternative at a enterprise like MRP, and I’m keen to hitch the Firm and contribute to its subsequent part of progress,” mentioned Mr. Fitzgerald. “MRP’s vary of packaging options, mixed with its core concentrate on sustainability, supplies its prospects choices throughout well being, wellness, and different verticals. I stay up for partnering with MRP’s workers, valued prospects, and the Clearlake crew to capitalize on rising progress tendencies within the packaging parts trade.”
“Jim displays MRP’s core values of specializing in buyer satisfaction and operational excellence, and I imagine he’s the proper successor to guide the Firm’s subsequent part of progress,” added Mr. Bauerbach. “I am honored to have been a part of MRP’s success over the previous decade and know the Firm is nicely positioned to speed up its progress beneath Jim and Clearlake. I stay up for collaborating with Jim to make sure a easy transition for all of our stakeholders and persevering with to contribute to MRP’s success as a member of the Board of Administrators.”
“This management transition, supported by our O.P.S.® framework and assets, will allow the Firm to attain its progress initiatives, each organically and by finishing strategic acquisitions on this fragmented sector,” added Dilshat Erkin, Vice President at Clearlake.
About Mildew-Ceremony Packaging (MRP)
MRP supplies inflexible plastic packaging parts utilized by thousands and thousands of customers whereas serving a various set of end-markets, with a major concentrate on the well being and wellness verticals. The Firm has a library of 900+ instruments used to help a product providing of 10,000+ SKUs and the power to create a meaningfully greater depend of variations. With a product line comprising child-resistant closures, shelling out closures, steady thread caps, and jars, MRP focuses on versatile and environment friendly operations for small- to medium-sized prospects with short-run manufacturing wants. MRP serves its prospects by way of three manufacturing amenities in North America, and is headquartered in Plattsburgh, NY. Extra info is accessible at www.mrpcap.com.
Based in 2006, Clearlake Capital Group, L.P. is an funding agency, working built-in companies throughout personal fairness, credit score, and different associated methods. With a sector-focused method, the agency seeks to accomplice with world class administration groups by offering affected person, long run capital to dynamic companies that may profit from Clearlake’s operational enchancment framework, O.P.S.® The agency’s core goal sectors are industrials, client, and expertise. Clearlake at present has over $60 billion of property beneath administration, and its senior funding principals have led or co-led over 300 investments. The agency is headquartered in Santa Monica, CA, with affiliate places of work in Dallas, TX and London, UK. Extra info is accessible at www.clearlake.com and on Twitter @ClearlakeCap.
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SOURCE Mildew-Ceremony Packaging; Clearlake Capital Group