CLARCOR Divests Packaging Subsidiary J.L. Clark, Inc.

We represented CLARCOR Inc. in the sale of its packaging subsidiary, J.L. Clark, Inc. to CC Industries, Inc. (CCI), an affiliate of Chicago-based Henry Crown and Company, for approximately $48 million in cash. J.L. Clark designs and manufactures specialty metal and plastic packaging for a wide variety of consumer products customers.

CLARCOR (NYSE: CLC) is based in Franklin, Tennessee, and is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products sold in domestic and international markets.

You Also May Be Interested In:

  • Representation of  J. Alexander’s Holdings, Inc. (NYSE: JAX), owner and operator of J. Alexander’s Restaurant, Redlands Grill, Stoney River Steakhouse and Grill and selected other restaurants, in its $220 million all cash sale to SPB Hospitality LLC, a leading operator and franchisor of full-service dining restaurants.

    Since J. Alexander’s first opened in 1991, Bass, Berry & Sims has served as primary corporate and securities counsel to the company for more than 30 years.  Additional details about the transaction can be found in the official news release.

    We represented J. Alexander’s Holdings, Inc. (NYSE: JAX), owner and operator of J. Alexander’s Restaurant, Redlands Grill, Stoney River Steakhouse...
  • We represented Helix Sleep, Inc. (Helix) in its sale to Cerberus Capital Management, L.P. (Cerberus), a global leader in alternative investing.

    We represented Helix Sleep, Inc. (Helix), a custom home furnishings and mattress company, in its sale to Cerberus Capital Management,...
  • Representation of Gen Cap America, Inc., a private equity firm focused on lower middle market buyouts, on its acquisition of Lab Products, LLC and Hartford Systems, LLC (together, “Lab Products”) from Avidity Science, LLC. Lab Products is a leading manufacturer providing an extensive line of laboratory research animal housing and care equipment. This transaction marks Gen Cap America’s fourteenth acquisition from its seventh fund.

    We represented Gen Cap America, Inc., a private equity firm focused on lower middle market buyouts, on its acquisition of...