Mesirow Financial Advises Primary Packaging Incorporated, a Portfolio Company of MCM Capital Partners and DN Partners LLC, on its Sale to an Affiliate of Field Ventures, LLC
Mesirow Financial acted as the exclusive financial advisor to Primary Packaging Incorporated ("Primary Packaging" or the "Company"), a portfolio company of MCM Capital Partners, a Cleveland-based private equity firm, and DN Partners, a Chicago-based private equity firm, in its sale to an affiliate of Field Ventures, LLC ("Field Ventures").
Based in Bolivar, Ohio, Primary Packaging is a flexible, fully integrated 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 leaders in the consumer non-cyclical, industrial, insulation, lawn and garden and animal products end markets. Primary Packaging has developed an excellent reputation within the industry, where it differentiates itself by providing high-quality, customized film and bag solutions on short notice.
Jeff Thrams, president of Primary Packaging commented, "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."
Rocky Pontikes, managing director of Mesirow Financial, added, "We are pleased to have worked with Primary Packaging, MCM Capital Partners and DN Partners on this assignment. Through partnering with Field Ventures, Primary Packaging is positioned for significant growth in the flexible packaging sector."
The transaction represents another successful assignment completed by Mesirow Financial's Investment Banking group. Mesirow Financial is one of the most active advisors in the paper, plastics, packaging and specialty printing sectors, having completed over 80 transactions in recent years.
About Field Ventures, LLC
Field Ventures is a Northbrook, Illinois-based private investment firm that was founded by well-known packaging industry executive Larry Field, the former owner and CEO of Field Container Company, L.P. Field Container Company was the largest privately-held U.S. integrated folding carton company until its acquisition by Altivity Packaging, LLC in August 2006. Field Ventures was formed with a mission to make 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.
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 Primary Packaging Incorporated, MCM Capital Partners, DN Partners, Field Ventures, 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.