- Standard Bag is a leading manufacturer of multiwall and wovenpoly laminated sacks for a diverse set of long-standing customers across a range of industries and end markets
- Headquartered in Beaverton, Oregon with an additional facility in Lubbock, Texas, Standard Bag has been a family-run business since its inception in 1985
CHICAGO, May 18, 2023 – Mesirow, an independent, employee-owned financial services firm, announced it acted as the exclusive financial advisor to Standard Multiwall Bag Manufacturing Co. (“Standard Bag” or the “Company”), on its sale to Gelpac, a portfolio company of Namakor Holdings.
Founded in 1985 in Beaverton, Oregon, Standard Bag is a second generation, family-owned and operated manufacturer of multiwall and wovenpoly laminated sacks for a diverse mix of long-standing customers across large, growing, and high-value end markets. The Company’s production capabilities include flexographic printing, laminating, converting and finishing services in addition to value-added warehouse and logistics services.
Jerry Lin, General Manager of Standard Bag, said, “Standard Bag has been a family-run business since inception, and has established itself as a market leader in the packaging industry with unmatched quality, service, and reliability. Mesirow served as a trusted advisor to Standard Bag and the Mesirow team expertly prepared and guided our family through the sale process and provided excellent counsel and support that resulted in a tremendous outcome. We are excited to partner with Gelpac and we look forward to the continued growth and success of the combined entities.”
“We were proud to represent Standard Bag in this transaction,” said Rick Weil, Managing Director of Investment Banking at Mesirow. “Standard Bag has built an outstanding marketplace reputation and it was an honor to lead the Company through this milestone event.”
Chris Yike, Director of Investment Banking at Mesirow, added, “We believe that Gelpac is an ideal partner to support Standard Bag’s growth objectives and will enable to the Company to enhance its value-proposition, market position and reputation across North America. We valued our relationship with Standard Bag, and we look forward to watching the success of this partnership.”
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with locations 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 and 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 100 RIA firms by Barron’s.
About Standard Bag
Standard Bag is a second-generation family-owned and operated packaging business headquartered in Beaverton, Oregon. The Company is a leader in the manufacture and supply of multiwall and wovenpoly laminated sacks. The Company’s operating philosophy and success has been built on speed, flexibility, and knowledge to help elevate customers and their brands. Learn more: standardbag.com
Founded in 1956, Gelpac is a leading North American manufacturer of packaging solutions for industrial and consumer applications. Gelpac provides multiwall paper-based packaging and plastic packaging products, as well as bulk bags, stretch films, adhesive tape, and other industrial and consumer packaging products. Gelpac is a portfolio company of Namakor Holdings. Learn more: gelpac.com
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