Mesirow Advises Hedwin Corporation On Its Sale To Fujimori Kogyo Co., Ltd.
CHICAGO, June 12, 2014 – Mesirow Financial acted as the exclusive financial advisor to Hedwin Corporation ("Hedwin" or the "Company") in its sale to Fujimori Kogyo Co., Ltd. ("Fujimori"), a Japan-based manufacturer of a variety of films, plastic packaging and packaging materials that has had a business relationship with Hedwin for over 50 years.
Based in Baltimore, Maryland, Hedwin is a niche manufacturer of performance-oriented packaging. The Company's products include the Cubitainer® brand, a globally recognized, high performance packaging line serving niche medical and pharmaceutical, foods and flavorings, industrial chemicals and other end markets, as well as branded and custom blow molded containers and liners.
Richard Broo, president and chief executive officer of Hedwin stated, "The sale of Hedwin Corporation to Fujimori Kogyo marries the assets and technical capabilities of two legacy companies in the global packaging industry. It creates a packaging company capable of providing state-of-the-art global packaging solutions that will exceed our customers' performance expectations. Through this marriage, opportunities exist for rapid new product development, collaborative manufacturing programs, upgraded manufacturing technology, improved product quality, global business expansion and reduced product cost." Richard Broo further commented, "Mesirow Financial was instrumental in conducting an effective, expedited transaction process that ultimately led to Hedwin's combination with a strategic partner supportive of the Company's growth objectives."
Charles Deutchman, chief restructuring officer and managing director of Shared Management Resources, Ltd. was critical in positioning Hedwin for a successful sale outcome. He commented, "We are pleased how the process concluded and believe we have succeeded in securing a very positive outcome for Hedwin's customers, employees and stakeholders. Mesirow Financial did an excellent job of handling the transaction from start to finish."
"Mesirow Financial was honored to represent Hedwin and work closely with the management team and Charles Deutchman in this process," stated Rick Weil, a managing director in Mesirow Financial's Investment Banking group. "We're confident that Hedwin's brands and value-added product offerings will thrive under Fujimori's leadership and capital resources."
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 100 transactions in recent years.
About Fujimori Kogyo Co., Ltd.
Established in 1914, Fujimori is well-known in Japan for its value-added, high-quality packaging and films. With 100 years of experience, Fujimori continues to shape the global packaging industry with unique and unprecedented innovations created under the ZACROS name and philosophy, from easy-pour pouches that improve convenience in everyday lives, to medical packaging that is safer and more reliable, to functional films for space satellites. For more information, please visit zacros.co.jp.
About Mesirow Financial
Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with approximately 1,200 employees globally. With expertise in Investment Management, Global Markets, Insurance Services and Consulting, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals. For more information about Mesirow Financial, visit its website at mesirowfinancial.com.