CHICAGO, April 19, 2018 – Mesirow Financial acted as the exclusive financial advisor to PAC Strapping Products, Inc. and U.S. Strapping Company, Inc. (collectively “PAC Strapping” or the “Company”), on its sale to FROMM Holding AG (“FROMM”).
With operations in Exton, PA and Lancaster, SC, PAC Strapping is a full-service strapping solutions provider, which offers a range of manufactured and sourced strapping products, primarily to distributors and catalog houses. The Company’s product portfolio includes plastic and steel strapping, tools and equipment and related accessories.
Ed Brownley, president of PAC Strapping, commented, “We are very pleased with how the process concluded. Mesirow Financial did an excellent job of handling the transaction from start to finish.” Pete Silvester, vice president of PAC Strapping, added, “We look forward to our partnership with FROMM and value their commitment to furthering the Company’s long-term growth objectives.”
“We were honored to represent the owners of PAC Strapping in this process,” said Bill Hornell, managing director of Mesirow Financial’s Investment Banking group. “Our strong experience and relationships within the packaging industry allowed us to pair PAC Strapping with the ideal strategic partner."
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 PAC Strapping Products, Inc. and U.S. Strapping Company, Inc.
Founded in 1982, PAC Strapping is a full-service manufacturer and supplier of plastic strapping, steel strapping and strapping machines and systems, as well as tools and accessories for both plastic and steel strapping. To learn more, please visit strapsolutions.com.
About FROMM Holding AG
FROMM Holding AG is a Swiss family-owned private company established in 1947 and is a leading manufacturer of high-quality strapping tools, engineered strapping and stretch wrapping machine systems, strategically located polyester strap manufacturing and Airpad™ protective packaging systems. FROMM has a well-established worldwide sales and distribution network, consisting of FROMM owned companies and distributors. To learn more, please visit fromm-pack.com.
About Mesirow Financial
Mesirow Financial is an independent, employee-owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping our institutional, corporate and individual clients achieve their objectives. Our professionals are inspired by an entrepreneurial desire to develop tailored solutions that deliver measurable results. To learn more, please visit mesirow.com.