Mesirow Advises Advises Sabert Corporation On Its Acquisition Of Mullinix Packages, Inc., A Portfolio Company Of Mason Wells Inc.
CHICAGO, July 21, 2016 – Mesirow Financial acted as the exclusive financial advisor to Sabert Corporation (“Sabert” or the “Company”) on its acquisition of Mullinix Packages, Inc. (“Mullinix”), a leading U.S. provider of plastic packaging solutions to food processors and the foodservice industry, and a portfolio company of Mason Wells Inc.
Headquartered in Sayreville, New Jersey, Sabert Corporation is a leading global manufacturer of innovative food packaging products and solutions. The Company designs, manufactures and distributes a wide spectrum of packaging solutions to foodservice distributors, restaurants and caterers, grocery stores, national food chains and for consumer entertaining purposes.
“We are very excited to have Mullinix as part of the Sabert organization,” commented Albert Salama, founder and chief executive officer of Sabert. “Mesirow Financial’s knowledge of the current valuations and their strategic insights into the buyer universe were instrumental in bringing this transaction to fruition.”
"After a 20 year relationship, we are truly honored to have represented Sabert in this process," stated Louis Mitchell, managing director of Mesirow Financial's Investment Banking group. "We believe that Mullinix’s market-leading position with food processors combined with Sabert’s product offerings, global presence and resources will allow the combined company to deliver even greater value to the market."
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 Mullinix Packages, Inc.
Mullinix Packages has more than 40 years of experience, exclusively focused on the design and production of innovative packaging solutions to manufacture, merchandise and serve food and beverages for the processor, retail and foodservice markets. Mullinix brings an integrated approach to custom solutions in plastics including PP, PETE, RPET, CPET, PLA, CPLA and a variety of value-added layered materials. The company is headquartered in Ft. Wayne, Indiana. To learn more about the company, visit mullinixpackages.com.
About Mason Wells
Mason Wells is a leading Midwest-based private equity firm that is currently investing through Mason Wells Buyout Fund IV, an approximately $615 million fund. Since Mason Wells was formed in 1998, its buyout funds have invested in four specific industry sectors: Outsourced Business Services, Consumer Packaged Goods, Engineered Products & Services, and Packaging Materials & Converting. For more information related to Mason Wells, please visit the firm’s website at masonwells.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.