Mesirow Financial Advises Sabert Corporation in Acquisition of Gage Industries' Packaging Business

CHICAGO, July 8, 2008 — Mesirow Financial announced today that it acted as exclusive financial advisor to Sabert Corporation ("Sabert"), in its acquisition of Gage Industries, Inc.'s packaging business ("Gage"). Gage is one of the premier manufacturers of dual-ovenable packaging to the food industry. Terms of the transaction were not disclosed.

"Mesirow Financial was instrumental in the identification of potential targets, facilitating initial discussions and assisting in the execution of the Gage acquisition," said Albert Salama, President of Sabert. "Mesirow Financial's involvement has been very helpful throughout this process and we are very pleased with the outcome of the Gage transaction."

Headquartered in Sayreville, New Jersey, Sabert Corporation is a global supplier, with operations in the United States, Europe and Asia, of a broad range of short-life products, including catering platters and bowls, tableware and To-Go food packaging, supplying the Foodservice, Supermarket, Food Processor and Consumer markets.

Headquartered in Lake Oswego, Oregon, Gage is a leading manufacturer of disposable CPET dual-ovenable and cold food containers servicing the Grocery, Food Processor, Institutional and Dietary Meal Producer markets.

Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with $32.2 billion in assets under management and more than 1,100 employees in 30 locations across the country and in London. With expertise in Investment Management, Investment Services, Insurance Services, Investment Banking, Consulting and Real Estate, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals and was named one of Chicago's Best Places to Work by Crain's Chicago Business in 2008. For the fiscal year ended March 31, 2008, the firm posted $490 million in revenue (unaudited), with more than $245 million in capital. For more information about Mesirow Financial, visit its Web site at www.mesirowfinancial.com.

For more information, contact: Lauren Berkowitz, Mesirow Financial, 312.595.6261.

 

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