Mesirow Advises Pharma Packaging Solutions on Tjoapack Sale
Mesirow, an independent, employee-owned financial services firm, recently announced that it acted as the exclusive financial advisor to Pharma Packaging Solutions (“PPS” or the “Company”), a division of Carton Service CSI, LLC, on its sale to Tjoapack, a Netherlands-based contract packaging organization serving the pharmaceutical industry.
PPS is a premier turn-key contract packager offering commercial packaging, product launches, stability services, cold chain packaging, and product retain services to regulated pharmaceutical and healthcare industries. Operating from a state-of-the-art facility located in Clinton, TN, the Company provides safe, efficient, industry-leading solutions for clients across the global healthcare landscape. As a critical link in the global pharma supply chain, the acquisition of PPS will enhance Tjoapack’s services and capabilities while expanding its geographic reach.
“Mesirow’s robust industry knowledge seamlessly extended to the healthcare and contract packaging industries, proving invaluable while executing this successful partnership with Tjoapack,” said Reid Lederer, President of PPS. “The Mesirow team provided expert guidance and achieved an outcome that will greatly benefit all parties.”
Rick Weil, Managing Director of Mesirow Investment Banking, said, “We valued the opportunity to represent PPS throughout this transaction and enhance our presence in the contract packaging space. PPS’s strong industry reputation enabled us to identify the ideal strategic partner for the Company. Tjoapack is committed to maintaining PPS’s leading industry presence and investing in the Company’s growth.”
The sale of PPS represents another successful assignment completed by Mesirow Investment Banking. Mesirow is one of the most active advisors in the paper, plastics, and packaging sectors, having completed more than 150 transactions over the past 20 years. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep long-standing relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of clients.
The preceding press release was provided by a company unaffiliated with Packaging Impressions. The views expressed within do not directly reflect the thoughts or opinions of Packaging Impressions.