Mesirow Financial Advises Disc Graphics, Inc. on its Sale to Oliver Printing & Packaging Company, a Portfolio Company of Pfingsten Partners, L.L.C.
CHICAGO, Jan. 8, 2019 /PRNewswire/ -- Mesirow Financial acted as the exclusive financial advisor to Disc Graphics, Inc. ("DISC" or the "Company") on its sale to Oliver Printing & Packaging Company ("Oliver"), a portfolio company of Pfingsten Partners, L.L.C. ("Pfingsten").
DISC is a manufacturer of high quality folding carton packaging, micro-fluted corrugated boxes and pressure sensitive labels, serving the pharmaceutical, food and beverage, consumer products, and healthcare markets. Headquartered in Hauppauge, NY, DISC will continue delivering innovative packaging solutions from its current facility as part of the Oliver platform.
Donald Sinkin, chairman and chief executive officer of DISC, commented on the transaction, "Mesirow Financial was instrumental in securing a very positive outcome for DISC's customers, employees and stakeholders."
Rick Weil, managing director of Mesirow Financial's Investment Banking group, said, "It was a privilege to help facilitate the partnership of these highly regarded companies in the printing and packaging industry. We believe that this strategic combination will enable DISC to continue delivering exceptional service and quality, providing a strong foundation for continued success."
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.
About Disc Graphics, Inc.
DISC is a privately held company located in New York. FSC®, SFI® and PEFC™ Chain of Custody certified and an EPA Green Power Partner, the Company promotes sustainable packaging practices through its DISCover Green program and manufactures under strict compliance to ISO 9001:2008 and FDA GMP standards. DISC offers a range of advanced capabilities for prepress and design services, digital, flexo and offset printing, and finishing and converting for paperboard, plastic, and mini-flute corrugated packaging as well as pressure-sensitive and extended content labels. To learn more, please visit discgraphics.com.
About Oliver Printing & Packaging Company
Headquartered in Twinsburg, Ohio, Oliver Printing & Packaging Company is a leading provider of highly customized, quick turnaround packaging and marketing collateral solutions. Oliver has made significant investments in modern equipment, facilities and people since Pfingsten became majority shareholder in May 2016. The DISC transaction represents Oliver's second strategic acquisition and aligns with Pfingsten's strategy to create a leading provider of innovative, high quality packaging solutions. In August 2017, Oliver acquired Pohlig Bros. Packaging, based in Richmond, VA. To learn more, please visit oliverprinting.com and pohlig.com.
About Pfingsten Partners, L.L.C.
Pfingsten is an operationally focused private equity firm formed in 1989. From its headquarters in Chicago, IL and representative offices in ChangAn, China, New Delhi, India and Chennai, India, the firm builds better businesses through operational improvements, professional management practices, global capabilities and profitable business growth rather than financial engineering. Since completing its first investment in 1991, Pfingsten has raised five investment funds with total commitments of approximately $1.3 billion and has acquired 134 manufacturing, distribution and business services companies. To learn more, please visit pfingsten.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 mesirowfinancial.com.
CONTACT:
Rebecca Bailen
Mesirow Financial
312.595.7119
[email protected]
Michael Herley/Peter Hill
Kekst
212.521.4897/4859
[email protected]
[email protected]
SOURCE Mesirow Financial
Related Links
http://www.mesirowfinancial.com
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