Mesirow Financial acted as the exclusive financial advisor to Proactive Packaging and Display, a portfolio company of CK Pearl Fund, on its sale to New-Indy Containerboard, a joint venture between Schwarz Partners LP and Kraft Group.
Headquartered in Ontario, CA, Proactive is an award-winning producer of high-impact corrugated display packaging and merchandising formats for the retail environment. The Company designs, manufactures and assembles custom packaging in a 240,000 sq. ft. facility using world-class direct print and digital presses capable of printing up to eight colors.
“Our goal was to find a strategic partner that would be devoted to our customer service and growth objectives,” said Doug Johnston, CEO of Proactive. “Mesirow Financial’s team was committed to delivering on that goal, and their guidance throughout the process enabled us to achieve a successful outcome.”
Daniel Gabay, vice president of Crestline, manager of CK Pearl, commented on the transaction, “We have greatly enjoyed our time with Proactive and wish them the best of luck as they embark on this next chapter. We are confident that they will continue to thrive under New-Indy’s leadership.”
Melanie Yermack, director in Mesirow Financial’s Investment Banking group commented on the transaction, “It was an honor to facilitate the partnership of these two highly regarded companies in the packaging industry. We believe Proactive’ s reputation for high graphic direct, litho label and digital print will complement New-Indy’s capabilities in the region, allowing for strong continued growth.”
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 125 transactions in recent years.
Source: Company Press Release.