CHICAGO, IL – Mesirow Financial, Inc. acted as financial advisor to Exopack LLC (“Exopack”), an affiliate of Sun Capital Partners, Inc. (“Sun Capital”), in its acquisition of the cheese and meat barrier extrusion packaging operations from Bemis Company. The acquisition includes facilities in Wisconsin and Oklahoma, and encompasses industry-recognized brands such as Halo®, ClearShield® and Maraflex®.
Headquartered in Spartanburg, SC, Exopack is a full-service plastic and paper flexible packaging solutions manufacturer that specializes in substrate development, film extrusion, printing, lamination and converting of flexible packaging products. In addition, Exopack’s coatings division is known for its advanced film coating technologies. Products manufactured by Exopack include: microwave packaging, printed shrink films, laminated FFS materials, specialty bags and pouches, heavy duty shipping sacks and medical component, optical and electronic films.
Sun Capital is a leading private investment firm focused on leveraged buyouts, equity, debt and other investments in companies that can benefit from its in–house operating professionals and experience.
This transaction represents another successful engagement completed by Mesirow Financial's Investment Banking Group. Having completed more than 75 packaging transactions in recent years, Mesirow Financial is one of the most active advisors in the paper & packaging sector.