Press Release

Mesirow Advises Optimum Plastics, Inc. on its Sale to Bloomer Plastics, Inc., a Portfolio Company of Huron Capital Partners, LLC

CHICAGO, November 19, 2014 – Mesirow Financial acted as the exclusive financial advisor to Optimum Plastics, Inc. (“Optimum” or the “Company”) on its sale to Bloomer Plastics, Inc. (“Bloomer”), a Wisconsin-based producer of cast extruded films for the high performance industrial, medical, automotive and consumer market segments. Bloomer is a portfolio company of Huron Capital Partners, LLC (“Huron”) and owned in partnership with management.

Headquartered in Delaware, Ohio, Optimum is a leading independent manufacturer of custom multi-layer blown film structures of up to 9-layers. The Company leverages its investment in state-of-the-art technology, strong technical expertise and an experienced sales force to provide customized, mission-critical film solutions. Optimum’s highly technical products serve a wide range of attractive end-markets, including packaging, automotive, medical and industrial.

The combination of Bloomer’s custom cast extruded films with Optimum’s blown co-extrusion and barrier films will provide customers with numerous product alternatives, while supporting future growth for the combined company. Kevin Keneally, president and CEO of Bloomer said, "We’re proud to welcome Optimum into the Bloomer family. Bob Clemons and his team have assembled the finest set of multi-layer high barrier film assets in the stand alone film market. We look forward to continuing their investment in state of the art technologies for our mutual valued customers.”

Bob Clemons, CEO of Optimum, commented, "Mesirow Financial was instrumental in conducting an effective transaction process that ultimately led to the ideal partner for Optimum shareholders, while creating a successful outcome for all parties involved.”

Louis Mitchell, managing director of Mesirow Financial, said, "We were honored to represent the owners of Optimum in this process. Mesirow Financial’s strong experience and relationships within the film industry allowed us to pair Optimum with a strong strategic partner that is committed to growing the Company.”

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 Bloomer Plastics
Based in north central Wisconsin, Bloomer Plastics is a leading domestic and international engineered films producer for high performance industrial, medical, automotive and consumer market segments. The company excels in the design of value-added cast embossed film structures and laminations for the most demanding applications. Certified to ISO 9001:2008 standards, Bloomer Plastics is focused on offering exceptional speed to market for new product development and excels in delivering quality, service and technology to its valued customer base. Bloomer is a Huron Capital Partners portfolio company, owned in partnership with company management. For further information about Bloomer Plastics, please visit

About Huron Capital Partners
With offices in Detroit and Toronto, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through its customized ExecFactorSM buy-and-build investment model. Huron prefers complex situations where it can help companies reach their full potential by combining its operational approach, substantial capital base, and transaction experience with proven operating executives. Founded in 1999, Huron has raised over $1.1 billion in capital through four committed private equity funds, invested in over 85 companies, and its portfolio companies have employed over 7,500 people throughout North America. Huron's buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron's sector focus includes Specialty Manufacturing, Business Services, Consumer Goods & Services, and Healthcare. For more information, please visit

Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Optimum Plastics, Inc., Bloomer Plastics, Inc., Huron Capital Partners, LLC, or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.

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