Press Release

Mesirow Advises Pharma Packaging Solutions on its Sale to Tjoapack

  • Pharma Packaging Solutions is a leading turn-key contract packager offering robust services to global pharmaceutical and healthcare industries

  • Highlights the firm’s expertise and relationships within the packaging and healthcare industries

CHICAGO, November 8, 2021 – Mesirow, an independent, employee-owned financial services firm, today announced 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.

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

About Pharma Packaging Solutions
Pharma Packaging Solutions is an agile, compliant and innovative contract packager serving the pharmaceutical and  healthcare markets. The Company delivers primary and secondary packaging in the forms of bottle filling, blister packaging, folding carton production, pouching, repackaging, cold chain packaging and compliance packaging, serving end markets such as pharmaceuticals (Rx, OTC), personal care, nutraceuticals, medical device and veterinary care, among others. PPS also serves private label and contract manufacturers, as well as retail pharmacies. Learn more at pharmapackagingsolutions.com

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 Pharma Packaging Solutions, Carton Service Inc., Tjoapack B.V., 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.

Recent news

Mesirow Chairman and CEO Richard S. Price Receives 30th Annual Daniel H. Burnham Award for Distinguished Leadership

Read article

Mesirow launches Structured Debt capabilities as part of firm’s strategic expansion in Florida and U.S. Southeast

Read article