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

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

Acquisition expands Rieke Packaging's stake in Asia

July 28, 2014 4:39 pm ET

Diversified rigid packaging components producer Rieke Packaging Systems now has a bigger footprint in Asia.    More

Image

Two medical device makers add specialty products through acquisitions

July 28, 2014 3:02 pm ET

The medical merger mania continues this summer as two more medical device manufacturers are swallowed up by bigger competitors.    More

Image

Deal combines US packaging thermoformers

July 28, 2014 12:42 pm ET

Thermoformed medical packager Nelipak Corp. is expanding its North American holdings and access to the U.S. health care market with the purchase of...    More

Image

Sealed Air's move to Charlotte will put it all under 'One Roof'

July 25, 2014 2:03 pm ET

Sealed Air Corp. shook the ground last week by announcing plans to relocate its headquarters from Elmwood Park, N.J., to Charlotte, N.C., in a move...    More

Image

Metals and plastics company NN to buy Autocam in $300 million deal

July 25, 2014 10:07 am ET

A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam Corp. in a deal valued at $300 million.    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events