CHICAGO, IL – Mesirow Financial, Inc. acted as exclusive financial advisor to Prime Graphics, Inc., (“Prime Graphics” or the “Company”), a Wood Dale, IL-based converter of flexible packaging solutions, in its sale to Kollman Label & Packaging Group (“Kollman”), a printing and packaging holding company headquartered in Yardley, PA.
Founded in 1980, Prime Graphics is an award-winning printer and converter of graphically intensive flexible packaging solutions. The Company offers innovative, high-visibility wraps, roll-fed labels, film laminations, pressure-sensitive labels and shrink sleeves to consumer product companies. The Company serves Fortune 500 companies, regional manufacturers and contract packagers within the food, beverage, personal care, household, medical and private label markets.
Kollman Label & Packaging Group is a holding company formed in 2008 to acquire printing and packaging companies that serve the food and personal care product industries. That year, Kollman acquired a controlling stake in Dixie Printing & Packaging, a Baltimore-based manufacturer and converter of high-end printed folding cartons for the food, beverage, pharmaceutical and personal care industries.
Bill Hunter, President and CEO of Prime Graphics, commented, “Mesirow Financial played a crucial role in identifying a strong group of prospective buyers whose strengths and capabilities were aligned with those of Prime Graphics. Drawing upon their extensive experience in the middle-market paper and packaging industry, Mesirow Financial was instrumental in facilitating a successful close.”
Louis Mitchell, Managing Director of Mesirow Financial, said, “We are pleased to have served as financial advisor to Prime Graphics in this transaction. The combination of Prime Graphics and Kollman creates a strong provider of flexible packaging solutions for its customer base and a platform for future growth.”
The transaction represents another successful engagement completed by Mesirow Financial’s Investment Banking Group. Having completed over 75 packaging transactions in recent years, Mesirow Financial is one of the most active advisors in the paper & packaging sector.