AUSTIN, TEXAS – Blue Sage Capital (“Blue Sage”) is pleased to announce its recently completed investment in Clearly Clean Products, LLC (“Clearly Clean” or the “Company”) in partnership with Insight Equity (“Insight”). Founded in 2007, Clearly Clean is an Orwigsburg, PA-based manufacturer of sustainable food packaging trays made from 100% recyclable polyethylene terephthalate (“PET”). PET is a clear, strong, and lightweight plastic with unique properties that make it suitable for a variety of applications. The Company offers an environmentally-friendly and recyclable tray option to grocers, food processors, and packaging distributors. Clearly Clean produces its trays using a first-of-its-kind, patented “rolled edge” thermoforming and manufacturing process. As a result, Clearly Clean’s trays have superior recyclability and durability relative to competitive packaging products while utilizing less material and providing a premium aesthetic.
Clearly Clean’s President, Jeff Maguire, commented, “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.”
Jonathan Pearce, Partner at Blue Sage, stated, “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. 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.”
Jeff Parent, Principal at Insight, stated, “Clearly Clean has become a leader in the rapidly growing sustainable food tray market through its innovative ‘rolled edge’ manufacturing process, operational expertise, reliably consistent product quality, and customer service. We are thrilled about this new partnership and are eager to execute our joint strategy for growth.”
Blue Sage was represented in the transaction by Queen Saenz + Schutz PLLC (Legal).
About Clearly Clean
Founded in 2007, Clearly Clean is headquartered in Orwigsburg, Pennsylvania. Clearly Clean offers fresh food producers, distributors, and retailers an eco-friendly PET packaging solution with a focus on poultry, produce, seafood, and other food products.
About Blue Sage
Blue Sage Capital is an Austin, Texas-based private equity firm that has been investing in profitable, growing, lower middle-market companies since 2002. Blue Sage currently has over $400 million of assets under management and seeks to partner with founders, families, and management teams as the first round of institutional capital for businesses that enjoy leadership positions in niche manufacturing, environmental solutions, or specialty services industries. Blue Sage typically invests $20 million to $40 million in control buyout investments and recapitalizations of companies with $20 million to $200 million of revenue.