Mesirow Advises Vitex Packaging Group, Inc. On Its Sale To ProAmpac LLC
CHICAGO, October 25, 2016 – Mesirow Financial acted as the exclusive financial advisor to Vitex Packaging Group, Inc. (“Vitex” or the “Company”), a portfolio company of Kirtland Capital Partners, on its sale to ProAmpac LLC (“ProAmpac”).
Based in Suffolk, Virginia, Vitex is a leading printer and converter of flexible packaging solutions for a range of attractive and growing end markets, including specialty tea, pet care and healthcare, among others. Through its focus on managing complex, short to medium run business, the Company has established itself as a value-added partner to customers requiring superior service and support. Vitex has leveraged its experience, technical expertise and unique value proposition to expand within niche flexible packaging applications.
Tom Littman, president and managing partner of Kirtland Capital Partners, commented on the transaction, “We are very pleased with how the process concluded and believe we have succeeded in securing a very positive outcome for Vitex’s customers, employees and stakeholders. Mesirow Financial did an excellent job of handling the transaction from start to finish.”
Rick Weil, managing director of Mesirow Financial’s Investment Banking group, stated, “We are pleased to have worked closely with Vitex and the Kirtland Capital team in this process.” Louis Mitchell, managing director of Mesirow Financial, added, “Our strong experience and relationships within the flexible packaging industry allowed us to pair Vitex 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 the paper, plastics, packaging and specialty printing sectors, having completed over 100 transactions in recent years.
About Vitex Packaging Group, Inc.
Vitex Packaging Group is a printer converter headquartered in Suffolk, Virginia. Vitex started in the tea business in 1954 and has continued to service both large and small companies in North America and internationally. To learn more, please visit vitexpackaging.com.
About Kirtland Capital Partners
Kirtland Capital Partners is a Cleveland, Ohio-based private equity fund that has been investing in lower middle market companies for nearly 40 years. Kirtland Capital Partners is a relationship-oriented firm with Partners who have worked together for over 15 years to help its portfolio companies achieve their growth objectives and deliver attractive returns to its investors. Since its inception in 1977, Kirtland has focused on investing in niche manufacturing and value-added business service and distribution companies that provide an opportunity for it to partner with management teams to increase long-term value through growth and strategic, operational and financial initiatives. To learn more, please visit kirtlandcapital.com.
ProAmpac is steadfast in their unwavering commitment to provide creative packaging solutions, industry-leading customer service and award-winning innovation to a diverse global marketplace. It is a diversified global packaging company with over 2,500 employees and 20 manufacturing centers in North America, Europe and Asia. For more information, visit their website at: proampac.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.