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 Mergers & Acquisitions Packaging
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

Amcor buys Nampak Flexibles

March 31, 2015 3:31 pm ET

Australian packaging giant Amcor Ltd. has bought South African-based Nampak Holdings Ltd.'s Nampak Flexibles division.    More

Image

Uponor sells plastic pipe machinery business to focus on core units

March 30, 2015 2:13 pm ET

Uponor Corp., the Finland-based maker of plastic pipe systems for plumbing, underfloor heating and cooling and infrastructure, announced March 30...    More

Image

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Core Molding buys CPI Binani assets, adds markets, D-LFT capabilities

March 20, 2015 1:20 pm ET

Core Molding Technologies Inc. is expanding its thermoplastics capabilities with the acquisition of substantially all the assets of CPI Binani Inc., o...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events