CHICAGO, April 19, 2017 – Mesirow Financial acted as the exclusive financial advisor to Trinity Packaging Corporation (“Trinity” or the “Company”) on its sale to ProAmpac LLC (“ProAmpac”), a company majority owned by the Pritzker Group Private Capital (“Pritzker Group”).
Trinity is a leading flexible packaging company specializing in large format packaging for the lawn and garden, food and specialty industrial markets. The company is headquartered in Armonk, New York with operations in Rocky Mount, Virginia and Buffalo, New York. ProAmpac is a leading global flexible packaging company headquartered in Cincinnati, Ohio operating primarily under the Prolamina, Ampac and Tulsack brands.The combined company will have 22 manufacturing sites and 3,000 employees supplying more than 5,000 customers in 90 countries. ProAmpac and Trinity serve a wide variety of end markets including food, pet care, healthcare, lawn care, retail and secure packaging for the transport of cash and valuables.
Peter Freund, president of Trinity Packaging Corporation, commented, "We are excited to be partnering with ProAmpac and the Pritzker Group and want to thank Louis Mitchell and everyone at Mesirow Financial for their thoughtful guidance over the years culminating in this successful outcome."
Louis Mitchell, managing director of Mesirow Financial’s Investment Banking group, added, "We were honored to have advised Trinity Packaging. The acquisition by ProAmpac is a landmark transaction in the flexible packaging industry and results in a bright outlook for Trinity's employees and 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.
Trinity Packaging Corporation
Trinity Packaging is a privately held family business founded in 1917 as a paper bag converter. Trinity installed its first plastics extruder in 1979 and has been focused on the flexible films market ever since. Trinity manufactures plastics products for a broad base of national customers within a variety of industries. To learn more, please visit trinitypackaging.com.
About ProAmapac LLC
ProAmpac is steadfast in their unwavering commitment to provide creative packaging solutions, industry-leading customer service and award-winning innovation to a diverse global marketplace. It is a diversified global packaging company with over 2,500 employees and 20 manufacturing centers in North America, Europe and Asia. For more information, visit their website at: ProAmpac.com.
About Pritzker Group
Pritzker Group Private Capital acquires North America-based middle-market companies with leading positions in the manufactured products, services and healthcare sectors. The firm’s permanent, proprietary capital base allows for efficient decision making, broad flexibility with transaction structure and investment horizon and alignment with management teams focused on creating long-term value. Pritzker Group brings significant resources, expertise and credibility in building businesses and is an ideal partner for entrepreneur- and family-owned companies. For more information, visit pritzkergroup.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.