CHICAGO, May 18, 2016 – Mesirow Financial acted as the exclusive financial advisor to Plastic Moulders Limited (“Plastic Moulders”, “PML” or the “Company”), a portfolio company of Richardson Capital Limited (“Richardson Capital”), on its sale to Amcor Limited (“Amcor”), a global provider of rigid plastic, flexible and folding carton packaging.
Headquartered in Toronto, Ontario, Plastic Moulders is a high quality manufacturer of precision custom injection and injection stretch blow moulded plastic products. The Company specializes in providing a full suite of design, engineering, moulding and assembly services for multi-national consumer packaged goods and food customers. PML’s product offering includes caps, closures, bottles, containers and jars, among others.
Ian Milne, CEO of Plastic Moulders, said, “Mesirow was very supportive in the wide variety of aspects needed for a transaction of this nature. By partnering with Amcor, PML is well positioned to continue providing industry leading technological capabilities, product innovation and customer service on a global level.”
Rick Weil, managing director of Mesirow Financial’s Investment Banking group commented, “Mesirow Financial was honored to represent Plastic Moulders in this process. Amcor was attracted to PML’s impressive customer base and broad product capabilities. Together, PML and Amcor are positioned to offer compelling solutions to their customers.”
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 Plastic Moulders Limited
Plastic Moulders Limited is a leading manufacturer of custom precision moulding for health and beauty, consumer packaging, food packaging, pharmaceutical and industrial markets. Plastic Moulders has been creating innovative, high quality products and services for over 40 years. The Company operates from facilities in Toronto and serves a blue chip customer base throughout North America. For more information, please visit plasticmoulders.com.
About Richardson Capital Limited
Richardson Capital Limited is the private equity division of Richardson Financial Group Limited (“RFG”). Richardson Capital’s dedicated team of investment professionals specialize in partnering its capital and expertise with that of Canadian entrepreneurs, managers and families to transition and develop growing businesses. RFG is part of the James Richardson & Sons, Limited (“JRSL”) group of companies. Founded in 1857, JRSL is one of Canada's oldest and largest private family-owned companies and is now in its 5th generation of family ownership. Its activities have spanned many of the industries instrumental to Canada's growth including agriculture, shipping, broadcasting, aviation, financial services and energy exploration and development. Today, JRSL is comprised of four core operating divisions, namely agriculture, oil and gas exploration, financial services and property management, in addition to a large portfolio of private and public market investments.
About Amcor Limited
Amcor Limited (ASX:AMC) is a global leader in responsible packaging solutions, employing more than 30,000 people worldwide, operating in over 40 countries across 180+ sites. Amcor supplies a broad range of plastic packaging solutions to enhance the products consumers use in everyday life. Amcor also provides packaging-related services that help customers succeed through collaboration and innovation driven by art and science. Amcor is headquartered in Melbourne, Australia, and is listed on the Australian Securities Exchange. For more information, visit amcor.com.