• Standard Bag is a leading manufacturer of multiwall and wovenpoly laminated sacks for a diverse set of long-standing customers across a range of industries and end markets
• Headquartered in Beaverton, Oregon with an additional facility in Lubbock, Texas, Standard Bag has been a family-run business since its inception in 1985
   

CHICAGO, May 18, 2023 – Mesirow, an independent, employee-owned financial services firm, announced it acted as the exclusive financial advisor to Standard Multiwall Bag Manufacturing Co. (“Standard Bag” or the “Company”), on its sale to Gelpac, a portfolio company of Namakor Holdings.

Founded in 1985 in Beaverton, Oregon, Standard Bag is a second generation, family-owned and operated manufacturer of multiwall and wovenpoly laminated sacks for a diverse mix of long-standing customers across large, growing, and high-value end markets. The Company’s production capabilities include flexographic printing, laminating, converting and finishing services in addition to value-added warehouse and logistics services. 

Jerry Lin, General Manager of Standard Bag, said, “Standard Bag has been a family-run business since inception, and has established itself as a market leader in the packaging industry with unmatched quality, service, and reliability. Mesirow served as a trusted advisor to Standard Bag and the Mesirow team expertly prepared and guided our family through the sale process and provided excellent counsel and support that resulted in a tremendous outcome. We are excited to partner with Gelpac and we look forward to the continued growth and success of the combined entities.”

“We were proud to represent Standard Bag in this transaction,” said Rick Weil, Managing Director of Investment Banking at Mesirow. “Standard Bag has built an outstanding marketplace reputation and it was an honor to lead the Company through this milestone event.”

Chris Yike, Director of Investment Banking at Mesirow, added, “We believe that Gelpac is an ideal partner to support Standard Bag’s growth objectives and will enable to the Company to enhance its value-proposition, market position and reputation across North America. We valued our relationship with Standard Bag, and we look forward to watching the success of this partnership.”

About Mesirow 

Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with locations around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets and Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities, and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.

Mesirow was recently named one of the Best Places to Work in Chicago by Crain’s Chicago Business and one of the Top 100 RIA firms by Barron’s.

About Standard Bag

Standard Bag is a second-generation family-owned and operated packaging business headquartered in Beaverton, Oregon. The Company is a leader in the manufacture and supply of multiwall and wovenpoly laminated sacks. The Company’s operating philosophy and success has been built on speed, flexibility, and knowledge to help elevate customers and their brands. Learn more: standardbag.com

About Gelpac

Founded in 1956, Gelpac is a leading North American manufacturer of packaging solutions for industrial and consumer applications. Gelpac provides multiwall paper-based packaging and plastic packaging products, as well as bulk bags, stretch films, adhesive tape, and other industrial and consumer packaging products. Gelpac is a portfolio company of Namakor Holdings. Learn more: gelpac.com

Media

Michael Herley
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Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow Financial investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Standard Bag Mfg. Co., Gelpac, Namakor Holdings or their subsidiaries. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries, and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc. © 2023. All rights reserved. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.

2022 Crain’s Best Places to Work (Received August 2022 reflective of previous 12 months – Licensing fees paid post award for use of the ranking). Best Companies Group (BCG), an independent workplace excellence research firm, conducted a two-part survey. Part one, consisted of an employer questionnaire, used to collect information about benefits, policies, practices, and other general information. Part two was a confidential 77-question employee survey used to evaluate local employee’s workplace experience and culture. Rankings and/or recognition by unaffiliated rating services and/or publications are not indicative of a firm’s future performance nor do they evaluate the quality of services provided to clients or guarantee that he/she will experience a certain level of results if Mesirow is engaged, or continues to be engaged, to provide investment advisory services, nor should they be construed as a current or past endorsement of Mesirow by any of its clients.

2022 Barron’s Top RIAs (Received September 2022 for the year 2021 – Licensing fees paid post award for use of the ranking). In order to be considered for the Barron’s 2022 Top RIA Firms list, applicants were required to complete a 145-question survey, with the firm’s ADV informing the majority of responses. Firms were also required to meet a number of other specified requirements to be eligible for inclusion. Firms were ranked based on various qualitative and quantitative factors, including assets managed, the size and experience of teams, regulatory records of the advisors and firms, technology spending, staff diversity, organic and M&A growth, client segmentation as well as succession planning. Rankings and/or recognition by unaffiliated rating services and/or publications are not indicative of a firm’s future performance nor do they evaluate the quality of services provided to clients or guarantee that he/she will experience a certain level of results if Mesirow is engaged, or continues to be engaged, to provide investment advisory services, nor should they be construed as a current or past endorsement of Mesirow by any of its clients.