Mesirow Financial Advises Packaging Products Corporation On Its Sale To Fisher Container Holdings, LLC

CHICAGO, June 13, 2017 Mesirow Financial acted as the exclusive financial advisor to Packaging Products Corporation, LLC (“PPC” or the “Company”) on its sale to Fisher Container Holdings, LLC (“Fisher”). Fisher is a portfolio company majority owned by investment funds managed by Morgan Stanley Capital Partners (“MSCP”), the Private Equity team within Morgan Stanley Investment Management. PPC represents the first add-on acquisition for Fisher since MSCP’s investment in February 2017.

PPC is a leader in flexographic printing and converting of flexible films, bags and pouches primarily used for food packaging.  PPC operates two manufacturing facilities: one at its headquarters in Mission, KS and another in Rome, Georgia. Founded in 1968, PPC strives to provide the highest qualityproducts with best-in-class lead times. Fisher, headquartered in Buffalo Grove, IL, is a leading manufacturer of innovative and technical flexible packaging products, primarily for the cleanroom/healthcare, food and industrial end markets. The Company prints and converts flexible plastic pouches, bags and films. 

Bill Mackin, CEO of PPC, commented, “We are very pleased with how the process concluded and believe we have succeeded in securing a very positive outcome for PPC’s customers, employees and stakeholders. Mesirow Financial did an excellent job of handling the transaction from start to finish.”

Louis Mitchell, managing director of Mesirow Financial’s Investment Banking group, added, “Our strong experience and relationships within the flexible packaging industry allowed us to pair PPC with the ideal strategic partner that is committed to furthering the Company’s long-term growth objectives.”

The transaction represents another successful assignment completed by Mesirow Financial’s Investment Banking group. Mesirow Financial is one of the most active advisors in paper, plastics, packaging and specialty printing sectors, having completed over 100 transactions in recent years.

About Packaging Products Corporation, LLC
Packaging Products Corporation, LLC (“PPC”), headquartered in Mission, KS with an additional manufacturing facility in Rome, GA, is a leading manufacturer of flexible films, bags and pouches primarily used for food packaging. Founded in 1968, PPC strives to provide the highest quality products with best-in-class lead times. To learn more, please visit packagingproductscorp.com.  

About Fisher Container
Fisher Container (“Fisher” or the “Company”), headquartered in Buffalo Grove, IL, is a leading manufacturer of innovative and technical flexible packaging products, primarily for the cleanroom/healthcare, food and industrial end markets. The Company prints and converts flexible plastic pouches, bags and films. To learn more, please visit fishercontainer.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.