Mill Rock Names (CONT’D FROM PAGE 26)
leadership skills necessary to lead these teams, unlock- ing value as we expand capabilities and tap into additional customer segments.” “I have always been committed to seizing opportunities and driving innovation with a strong focus on customers,” said Relan. “I'm very much looking forward to working with the Mill Rock Packaging team to guide the transformation of these two sites.” Mill Rock Packaging Vice Chairman and Mill Rock Cap- ital Senior Partner Bob Feeser added, “With his focus on quality control, process improvement and business inno- vation, Sandeep will be a valuable addition as we continue to build our specialty packaging company.” Mesirow Advises The Standard Group On Its Sale To PaperWorks Industries Chicago, Illinois based Mesirow announced that it acted as the exclusive financial advisor to The Standard Group on its sale to PaperWorks Industries. Founded in 1932, The Standard Group is a fourth-gen- eration converter of custom printed folding cartons for a diverse set of end markets including branded and pri- vate-label food, household goods and personal care prod- ucts, among others. The company’s 220,000-square-foot manufacturing facility in Louisville, Kentucky, will geo- graphically complement PaperWorks’ other paperboard packaging operations. Lou Cortes, President and CEO of The Standard Group, said, “Mesirow served as a trusted advisor to The Stan- dard Group throughout this process. Mesirow’s relation- ships and sector expertise were crucial in identifying Pa- perWorks as an ideal partner. PaperWorks provides an opportunity for The Standard Group to prosper with a larg- er paperboard packaging network, broader technical ca- pabilities and integration synergies. We are excited about the future of The Standard Group in partnership with Pa- perWorks.” “We are proud to have represented The Standard Group in its sale to PaperWorks Industries.” said Rick Weil, Managing Director of Investment Banking at Mesirow. “The Standard Group has a well-established presence and stellar reputation in the folding carton sector and serves some of the top consumer brands in the U.S.” Melanie Yermack, Managing Director of Investment Banking at Mesirow, added: “The mill integration and broader geographic platform PaperWorks offers will sup- port The Standard Group’s continued growth and allow the Company to best service its customers. We were pleased to deliver a successful outcome and look forward to fol- lowing The Standard Group’s continued success.” Mesirow is one of the most active advisors in the paper, plastics and packaging sectors, having completed over 190 transactions in recent years.
28 July 10, 2023
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