Kelso Announces Acquisition of Silver Spur and Combination with Inmark
May 14, 2021
Kelso and affiliated funds have acquired Silver Spur Corporation (“Silver Spur”), a supplier of specialty glass and plastic packaging. Silver Spur will be combined with Kelso’s existing investments in C.L. Smith and Inmark, distributors of rigid container and life sciences packaging products. Financial terms of the private transaction were not disclosed.
Headquartered in Cerritos, CA, Silver Spur is a stocking distributor of glass and plastic packaging products serving a variety of end markets, with a specialization in glass bottles used in nutraceutical and pharmaceutical applications. Silver Spur’s 115,000 square foot warehouse offers customers just-in-time access to an extensive assortment of products sourced via the company’s global network of vendor relationships. Silver Spur also provides custom design and other value-added services and is committed to delivering best-in-class availability, customer care, and responsiveness. Silver Spur’s existing team will remain in place to maintain these high standards and drive the company’s next phase of growth.