CHICAGO, December 19, 2012 – Mesirow Financial acted as the exclusive financial advisor to Trinity Packaging Corporation (“Trinity Packaging”) in its acquisition of Cello-Pack Corporation (“Cello-Pack”).
Trinity Packaging, headquartered in Armonk, New York, manufactures plastics products for a broad base of national customers within a variety of industries. The acquisition enables Trinity Packaging to further its expansion in 10-color flexographic printing, specialty films and lamination, as well as increase value-added offerings to its existing customer base while expanding on current capabilities. The acquisition is a union of two storied New York-based businesses with 160 years of bag manufacturing experience. Trinity Packaging operates six facilities across the U.S. and China with its acquisition of Cello-Pack.
Louis Mitchell, managing director, stated, “It is an honor to help facilitate a union of these two highly regarded companies in the flexible packaging industry. It is truly a win-win scenario for all parties involved.”
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 90 transactions in recent years.
About Trinity Packaging Corporation
Trinity Packaging is a privately held family business founded in 1917 as a paper bag converter. Trinity Packaging installed its first plastics extruder in 1979 and has been focused on the flexible films market ever since. With four domestic plant locations and one overseas, Trinity Packaging manufactures plastics products for a broad base of national customers within a variety of industries.
About Cello-Pack Corporation
Cello-Pack has been providing superior flexible packaging solutions for more than 60 years. Tucked away in a suburb of Buffalo, New York, Cello-Pack has a solid record of excellence and innovation. Cello-Pack currently manufactures for several core markets including pet food & pet care, meat & dairy, consumer and food & beverage. With significant capital investments over the past five years, Cello-Pack is one of the fastest growing companies in the industry and has full service capabilities including design, engineering, pre-press, printing, laminating and pouch converting.