Mesirow Financial Advises Georgia-Pacific LLC on the Sale of its Reusable Plastic Container Business to Tosca Limited
Mesirow Financial acted as the exclusive financial advisor to Georgia-Pacific LLC in the sale of its reusable plastic container business (the “Business”) to Tosca Limited (“Tosca”), a portfolio company of Orchard Holdings Group, LLC, a Cincinnati-based investment firm.
The Business provides a rental pool of reusable plastic containers (RPCs) for transporting fruits and vegetables from growers and shippers to their value-add production facilities and food retailer distribution centers throughout the United States. The Business’ management team, current employees and facilities in Memphis, Tennessee, Garland, Texas, and King City, California, are now part of Tosca.
According to General Manager Eric Frank, who will continue leading the Business, “Mesirow Financial was instrumental in conducting an effective transaction process that ultimately led to our combination with Tosca, a strong strategic partner. Mesirow Financial’s advice throughout the process resulted in a successful outcome for all parties involved.”
John Chrysikopoulos, managing director of Mesirow Financial, commented, “We were excited to work on this divestiture and assist in developing and executing an appropriate marketing strategy for the RPC business.”
Rocky Pontikes, managing director of Mesirow Financial, added, “Mesirow Financial continues to use its extensive experience, in-depth industry knowledge and relationships to assist clients in achieving their strategic objectives.”
The transaction represents another successful assignment completed by Mesirow Financial's Investment Banking group. Mesirow Financial is an active advisor in business services, and one of the most active advisors in the specialty printing, paper, plastics and packaging sectors, having completed over 90 transactions in recent years.
About Tosca Limited
Based in Green Bay, Wisconsin, Tosca provides comprehensive solutions to companies seeking enhanced supply chain efficiencies and lower costs by replacing single-use packaging with reusable containers. The company’s expanded services provide solutions to companies in various industries including dairy, protein and fresh produce. For more information visit, www.toscaltd.com.
About Orchard Holdings Group, LLC
Orchard Holdings, based in Cincinnati, is a private investment firm that invests non-institutional, private, family capital in dynamic middle-market operating businesses. Orchard seeks to partner with exceptional management teams that desire a uniquely flexible, long-term partner who is aligned with the goal of maximizing the full potential of their business. For more information, visit www.orchardholdings.com.
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 Georgia-Pacific LLC, Tosca Limited, Orchard Holdings Group, LLC, 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.