Mesirow Financial Advises Pohlig Packaging, a Company Owned by WestRock Company and Management, on Its Sale to Oliver Printing & Packaging Co., a Portfolio Company of Pfingsten
CHICAGO, September 11, 2017 – Mesirow Financial acted as the exclusive financial advisor to Pohlig Packaging (“Pohlig” or the “Company”), a company owned by WestRock Company and Management, on its sale to Oliver Printing & Packaging Co. (“Oliver”), a portfolio company of Pfingsten Partners, L.L.C.
Headquartered in Richmond, VA, Pohlig is a manufacturer of folding cartons, micro-fluted corrugated boxes and setup boxes, serving the food and grocery, consumer products, automotive aftermarket and healthcare markets.
Mike Gaffney, managing partner of Pohlig, commented on the transaction, “Mesirow Financial’s expert guidance and in-depth knowledge of the packaging industry were critical in creating a successful outcome for both our employees and shareholders.”
“Pohlig will expand our packaging capabilities, customer base and end markets,” said Brian Dunsirn, chairman of Oliver. “Oliver and Pohlig are highly complementary with similar customer-centric cultures.”
Rick Weil, managing director of Mesirow Financial’s Investment Banking group, said, “We were honored to represent the owners of Pohlig. We believe that this strategic combination will enable Pohlig to continue delivering exceptional service and quality products to its customers.”
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 Pohlig Packaging
Founded in 1866, Richmond, Virginia-based Pohlig Packaging has supplied cartons to almost every type of packaging end-user and is known for its technical packaging expertise, quality driven processes and focused customer care. To learn more please, visit pohlig.com.
About Oliver Printing & Packaging Company
Headquartered in Twinsburg, Ohio, Oliver Printing & Packaging Company is a leading provider of highly customized, quick turnaround printed marketing, packaging and point-of-sale solutions for a diverse customer base. To learn more, please visit oliverprinting.com.
Phingsten is an operationally focused private equity firm formed in 1989. From its headquarters in Chicago, IL and representative offices in ChangAn, China, New Delhi, India and Chennai, India, the firm builds better businesses through operational improvements, professional management practices, global capabilities and profitable business growth rather than financial engineering. Since completing its first investment in 1991, Pfingsten has raised five investment funds with total commitments of approximately $1.3 billion and has acquired 120 manufacturing, distribution and business services companies. To learn more, please visit pfingsten.com.
About Mesirow Financial
Mesirow Financial is an independent, employee-owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping our institutional, corporate and individual clients achieve their objectives. Our professionals are inspired by an entrepreneurial desire to develop tailored solutions that deliver measurable results. To learn more, please visit mesirowfinancial.com.