On Tuesday, Austin, Texas-based Blue Sage Capital announced it has partnered with Insight Equity to invest in Orwigsburg, Pa.-based Clearly Clean Products, LLC.
Clearly Clean manufactures sustainable food packaging trays made from 100 percent recyclable polyethylene terephthalate (PET), a strong, lightweight plastic suitable for a variety of applications. Blue Sage, a private equity firm investing in growing middle-market companies, said the Clearly Clean provides an environmentally-friendly tray option to grocers, food processors, and packaging distributors.
“We could not be more excited to partner with Jeff Maguire, Mill Wallace, and Peter Kolb at Clearly Clean, as well as the Insight team, including Jeff Parent and TJ Stone, to support the Company in the next stage of its evolution,” Jonathan Pearce, Partner at Blue Sage, said. “We are impressed with Clearly Clean’s disruptive history, compelling value proposition, and exciting opportunities for future growth. The Company stands out in its commitment to high-quality service and responsiveness in managing its customers’ sustainable packaging needs.”
Clearly Clean’s trays use a first-of-its-kind “rolled edge” thermoforming and manufacturing process that give the products superior recyclability and durability while using less material and still providing a premium aesthetic, officials said.
“We are excited to partner with Blue Sage and Insight as we continue to invest in sales and marketing resources, expand our manufacturing capabilities, and extend our product line with innovative, sustainable packaging solutions that our customers desire,” Clearly Clean’s President, Jeff Maguire, said.