Market Updates

Alpha Packaging Acquires Progressive Plastics

Adding more than 160 stock items to its product offerings, Alpha Packaging, St. Louis, MO, has acquired Progressive Plastics, Inc., Cleveland, OH. Progressive is a manufacturer and decorator of plastic bottles and containers primarily for the personal care, auto care, house wares and food markets. Irving Place Capital, a middle-market private equity firm, acquired Alpha in September 2010. Progressive’s plant will begin operating as a branch of Alpha effective immediately. Operations in the Cleveland plant will continue to be run by Progressive executives.

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