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Kelso buys packaging distributor to add to previous acquisitions Plastics News Report Silver Spur Corp. distributes glass, PET and high density polyethylene bottles. New York — Fresh off its investments in other plastics companies, private equity firm Kelso & Co. LP is acquiring plastic and glass packaging distributor Silver Spur Corp. of Cerritos, Calif. Kelso said it will retain the current management team at Silver Spur, which has a 115,000-square-foot warehouse in Cerritos. Silver Spur serves a variety of end markets, specializing in glass bottles for nutraceuticals and pharmaceuticals....
Private equity firm buys Lyons Blow Molding owner CL Smith C.L. Smith C.L. Smith's Lyons Blow Molding business has 18 production lines at two plants located one block from each other in Berkeley, Mo. Private equity firm Kelso & Co. LP is acquiring a majority share in rigid packaging distributor C.L. Smith Co. of St. Louis and its Lyons Blow Molding Inc. unit. Lyons, an extrusion blow molder, produces custom and stock bottles of high density polyethylene for markets including medical, personal care, food, oil, biotechnology and household and industrial chemicals. The company has estimated annu...