Alpha Packaging acquired by Irving Place Capital

Published: 3-Sep-2010

Private equity firm buys bottle and jar manufacturer


Alpha Packaging has announced it has been acquired by private equity firm Irving Place Capital (IPC). Under the agreement with IPC, Alpha’s top management will stay in place with Dave Spence, president and ceo remaining in his position. Current vp of operations, Mike DeFazio will become coo, while cfo Gary Seeman and executive vp sales Jack Baily will remain in their positions. Dan Creston, current coo will become executive vp of corporate development upon completion of the deal

“Alpha’s growth strategy will be accelerated when the company is recapitalised. Having IPC as an equity investor will allow us to continue our growth and make even larger acquisitions than those we have made in the past,” said Creston.

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