Investment firms buy specialty packaging company S.I. Manufacturing

By Michael Lauzon
Correspondent

Published: January 29, 2013 4:21 pm ET
Updated: January 29, 2013 4:24 pm ET

Related to this story

Topics Packaging Mergers & Acquisitions
Companies & Associations

WAUKEGAN, ILL. -- Two private investment firms have bought specialty packaging producer S.I. Jacobson Manufacturing Co. effective Dec. 31.

Albion Investors LLC of New York and Isleworth Capital Partners LLC of Schaumburg, Ill., acquired Waukegan, Ill.-based Jacobson, which formerly was family owned, for undisclosed terms. Mesirow Financial of Chicago was the financial advisor for Jacobson.

Jacobson designs and makes flexible and rigid vinyl packaging, foam cases, die-cut foam inserts and fabric cases for hardware, housewares, automotive, electronics and medical applications. It works with original equipment manufacturers to customize packaging for brand awareness, retail visibility and functionality.

"We have researched the packaging/plastics industry over several years and this particular segment tends to stand out as exceptional in terms of growth potential and also valuation potential," said Ilseworth partner Frank Feraco in an email correspondence. "Jacobson was a clear choice in their particular sector."

"The packaging industry, which is one of our core areas of focus, continues to be highly fragmented with many companies privately owned by families and individuals," explained Mesirow Financial Investment Banking group vice chairman Jeffrey Golman in an email. "This makes them ripe for sale when confronting generational issues. S.I. Jacobson is a good example of a company owned by such a family with professional management and no one from the family actively involved in management."

"[Jacobson] had considerable success with new product development and with new customers and the new owners believe that they can accelerate these efforts," Golman elaborated. "Private equity buyers have and will continue to be active buyers of these businesses which they can grow and consolidate and sell later to other private equity buyers or [strategic investors] down the road."

Mesirow is active in the plastics, paper, packaging and specialty printing sectors and has completed more than 90 transactions in recent years.

"Our customers and employees will both benefit as Isleworth, Albion and S.I. Jacobson join together and continue to grow the company's product offering," said Jacobson President and CEO Larry Futterman in a Jan. 22 news release.


Comments

Investment firms buy specialty packaging company S.I. Manufacturing

By Michael Lauzon
Correspondent

Published: January 29, 2013 4:21 pm ET
Updated: January 29, 2013 4:24 pm ET

Post Your Comments


Back to story


More stories

Image

Colormasters' film investments add capacity and capability

April 17, 2015 11:35 am ET

Colormasters LLC continues to invest in new film and converting capacity to keep up with demand for its flexible packaging products.    More

Image

Thailand's Royal Group adding thermoforming plant in Indiana

April 17, 2015 11:17 am ET

Royal Interpack North America Inc. is spending $12 million to make recycle-content PET clamshell containers in Anderson, Ind.    More

Image

Inteplast buys Canadian film maker Haremar, bag maker El-En

April 13, 2015 4:29 pm ET

Inteplast Group has increased its business in Canada with the acquisition of a specialty polyethylene blown film coextruder.    More

Image

Reliance finds room to grow in North Carolina

April 9, 2015 3:04 pm ET

Reliance Packaging LLC expects to grow significantly during the next three years, both in production of heavy-duty plastic bags for the lawn and...    More

Image

Silgan to hire 120 for new plant

April 9, 2015 2:57 pm ET

New details are emerging about Silgan Plastics' plans for a new production facility in Hazelwood, Mo., near St. Louis.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events