Press Release

Mesirow Advises the Nelmar Group of Companies on its Sale to Balcan

  • The Nelmar Group of Companies operates as a leading, vertically integrated producer of extruded film, form, fill and seal (“FFS”) films and plastic valve bags, as well as tamper-evident security packaging solutions

  • Partnership with Balcan will further the long-term growth objectives of the Nelmar Group of Companies

  • The sale executed by Mesirow is one of six completed in the flexible packaging sector during 2020, highlighting the firm’s deep industry expertise

CHICAGO, February 16, 2021 – Mesirow acted as the exclusive financial advisor to Nelmar Security Packaging Systems, Inc. (“Nelmar”), Plastixx Extrusion Technologies Inc. (“PET”) and Plastixx FFS Technologies Inc. (“PFT”), collectively referred to as the “Nelmar Group of Companies” or the “Company”, on its sale to Balcan.

Based in Montreal, Canada, the Company is a leading producer of extruded film, FFS films and plastic valve bags, as well as tamper-evident security packaging solutions. The Company manufactures high-quality film and heavy-duty shipping sacks that are used in a variety of applications across large and growing end markets, as well as mission critical security packaging solutions. The Company’s vertically-integrated operations and commitment to quality and service have positioned it as a “one-stop-shop” partner for its high-value customer base.

Balcan is a leading Canadian integrated manufacturer of custom film and flexible packaging solutions with broad technical and production capabilities. The acquisition of the Nelmar Group of Companies will enhance Balcan’s existing portfolio of products by leveraging the Company’s state-of-the art operating platform to deliver best-in-class products across North America.

Neil Freder, Co-Founder of the Nelmar Group of Companies, commented, “Mesirow’s extensive experience and relationships within the flexible packaging industry were vital to executing this transaction. The team provided expert guidance and support throughout the process and successfully navigated the challenges brought on by COVID-19 to arrive at a successful outcome for the Company and its shareholders.”

“We valued the opportunity to advise the Nelmar Group of Companies during this transaction,” said Rick Weil, Managing Director of Mesirow Investment Banking. “The Company has built an exceptional reputation within the flexible packaging space, setting industry standards for quality and reliability. We believe its partnership with Balcan is an ideal fit and will provide the necessary strategic support for the Company’s next phase of growth.”

The sale of the Nelmar Group of Companies to Balcan represents another successful assignment completed by Mesirow Investment Banking and marks the sixth transaction within the flexible packaging industry completed during 2020. Mesirow is one of the most active advisors in the paper, plastics and packaging sectors, having completed over 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.

About Mesirow
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.

Mesirow was also recently named one of the Best Places to Work in Chicago by the Chicago Tribune and one of the Top Places to Work by Crain’s Chicago Business.

About the Nelmar Group of Companies
The Nelmar Group of Companies is a leading producer of extruded film, FFS films and plastic valve bags utilized in a variety of industrial and consumer applications, as well as security packaging and tamper-evident bags for the safe transfer of currency, checks, and other valuables in Canada and internationally.

Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow Financial investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Nelmar Security Packaging Systems, Inc., Plastixx Extrusion Technologies Inc., Plastixx FFS Technologies, Inc., Balcan, or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc. © 2021. All rights reserved. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.

 

 

 

 

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