Mesirow Advises Field Packaging On Sale to Packaging Corp. of America
Mesirow Financial acted as the exclusive financial advisor to Field Packaging Group, LLC ("Field Packaging" or the "Company") in its sale to Packaging Corporation of America ("PCA").
Based in Bedford Park, Ill., Field Packaging is an entrepreneurial manufacturer of corrugated packaging products, including mini- and jumbo-sized corrugated cartons. The Company serves customers in the food, confectionary, durable goods, furniture, and metal stamping industries, among others.
Marty Field, CEO of Field Packaging, commented, "Mesirow Financial was instrumental in identifying a strong group of strategic and financial prospective buyers and conducting an efficient transaction process. Our clients and employees will both benefit as PCA and Field Packaging join forces to provide an expanded product line and geographic reach. Mesirow's advice throughout the process resulted in a successful outcome for all the parties involved."
Field Packaging's business philosophy and culture are a great fit with PCA's said Tom Hassfurther, executive vice president at PCA. The team at Field Packaging is focused on delivering a high level of service and quality to its customers. Field Packaging has developed a strong reputation for excellence in design and manufacturing, we look forward to building on that success going forward.
"We are proud to have served as financial advisor to Field Packaging in this highly strategic and complementary transaction," Jeff Golman, vice chairman of Mesirow Financial and head of investment banking, said.
The transaction represents another successful assignment completed by Mesirow Financial's Investment Banking group. Having completed over 80 packaging transactions in recent years, Mesirow Financial is one of the most active advisors in the paper, plastics, packaging, and specialty printing sectors.
- Places:
- Bedford Park