May 8, 2012 – It was announced today that Primary Packaging, a portfolio company of MCM Capital Partners and DN Partners and a designer and manufacturer of heavy duty plastic films and bags, has been sold to Field Ventures.
Mesirow Financial acted as the exclusive financial advisor to Primary Packaging. “We are pleased to have worked with Primary Packaging, MCM Capital Partners and DN Partners on this assignment.” said Rocky Pontikes, managing director of Mesirow Financial. “Through partnering with Field Ventures, Primary Packaging is positioned for significant growth in the flexible packaging sector.” Mesirow Financial is one of the most active advisors in the paper, plastics, packaging and specialty printing sectors, having completed over 80 packaging transactions in recent years.
Primary Packaging is a designer and manufacturer of heavy duty plastic films and bags with the ability to extrude film containing up to three layers and print up to eight colors. The company serves the consumer non-cyclical, industrial, insulation, lawn and garden and animal products end markets. The company is based in Bolivar, OH (www.primarypackaging.com). “We are very pleased with the outcome of this transaction. Mesirow Financial was instrumental in finding an experienced, strategic partner to help grow our business,” said Jeff Thrams, president of Primary Packaging.
Field Ventures was founded by packaging industry executive Larry Field, the former owner and CEO of Field Container Company, the largest privately-held U.S. integrated folding carton company until its acquisition by Altivity Packaging in August 2006. Field Ventures makes long-term investments in high-quality operating companies, where it can enter into true operating partnerships with the professional management teams of the companies it acquires. The firm is based in Northbrook, IL (no website found).
MCM Capital Partners invests in niche manufacturers, value-added distributors and service companies that generate up to $75 million in annual revenues and have enterprise values up to $50 million. The firm was founded in 1992 and is based in Cleveland, OH (www.mcmcapital.com).
DN Partners invests in lower middle-market companies generally based in the Midwest. DN Partners specializes in partnering with management teams to facilitate corporate spin-offs, family succession transactions, recapitalizations, buy and build strategies and management buyouts. The firm is based in Chicago, IL (www.dnpartners.com).
The Investment Banking group of Mesirow Financial focuses exclusively on the middle-market, serving both financial sponsors and corporate clients. The groups specialties include: Merger Advisory; Exclusive Sales and Divestitures; Buy-side Advisory; 363 Sales/Restructurings; Fairness/Solvency Opinions; Special Committee Representation; and Private Placements. Overall, Mesirow Financial is a diversified financial services firm with particular expertise in Investment Management, Global Markets, Insurance Services and Consulting. Founded in 1937, Mesirow is an independent, employee-owned firm with more than 1,200 employees in offices across the US and in London, UK. The firm is headquartered in Chicago, IL (www.mesirowfinancial.com).
