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

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

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Badger buys competitor Joseph Homa

September 17, 2014 4:04 pm ET

Badger Plug Co. has extended its protective plugs customer base by acquiring and closing a rival, Joseph Homa Consultants Inc. of Montreal.    More

Market Reports

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

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

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events