Mesirow Financial Advises Field Packaging Group, LLC on its Sale to Packaging Corporation of America
Mesirow Financial acted as the exclusive financial advisor to Field Packaging Group, LLC ("Field Packaging" or the "Company") in its sale to Packaging Corporation of America ("PCA").
Based in Bedford Park, Illinois, Field Packaging is an entrepreneurial manufacturer of corrugated packaging products, including mini- and jumbo-sized corrugated cartons. The Company serves customers in the food, confectionary, durable goods, furniture and metal stamping industries, among others.
Marty Field, CEO of Field Packaging, commented, "Mesirow Financial was instrumental in identifying a strong group of strategic and financial prospective buyers and conducting an efficient transaction process. Our clients and employees will both benefit as PCA and Field Packaging join forces to provide an expanded product line and geographic reach. Mesirow’s advice throughout the process resulted in a successful outcome for all the parties involved."
"Field Packaging's business philosophy and culture are a great fit with PCA," said Tom Hassfurther, executive vice president at PCA. "The team at Field Packaging is focused on delivering a high level of service and quality to its customers. Field Packaging has developed a strong reputation for excellence in design and manufacturing, and we look forward to building on that success going forward."
Jeff Golman, vice chairman of Mesirow Financial and head of Investment Banking, said, "We are proud to have served as financial advisor to Field Packaging in this highly strategic and complementary transaction."
The transaction represents another successful assignment completed by Mesirow Financial's Investment Banking group. Having completed over 80 packaging transactions in recent years, Mesirow Financial is one of the most active advisors in the paper, plastics, packaging and specialty printing sectors.
About Packaging Corporation of America
PCA is the fifth largest producer of containerboard and corrugated packaging products in the United States with sales of $2.4 billion in 2010. Its corrugated packaging products include conventional shipping containers used to protect and transport manufactured goods, multi-color boxes and displays to merchandise the packaged products in retail locations, as well as meat boxes and wax-coated boxes for the agricultural industry. PCA operates four paper mills and 67 corrugated products plants in 26 states across the country. The company was founded in 1867 and is headquartered in Lake Forest, Illinois.
Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Field Packaging Group, LLC, Packaging Corporation of America, or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.