Mesirow Financial, Inc. acted as exclusive financial advisor to Oliver
Products Company (“Oliver Products” or the “Company”) in its sale to an
affiliate of Berwind Corporation (“Berwind”), a family-owned investment
management company.
Oliver Products, headquartered in Grand Rapids, Michigan, is one of the
world’s leading producers of sterile-grade medical device packaging and
pharmaceutical packaging, producing the industry’s highest quality and
most innovative products. The Company sells its healthcare packaging
products to nearly every major, globally-recognized medical device
company. Additionally, the Company, through its food packaging &
equipment segment, is the largest supplier in complete food packaging
solutions for Meals on Wheels in the United States. Oliver Products was
a portfolio company of Mason Wells, a leading Midwest-based private
equity firm.
Jerry Bennish, chief executive officer of Oliver Products, said “Mesirow
Financial’s depth and knowledge of the packaging industry and its
diligent and professional approach resulted in a transaction that is
extremely satisfying to our Company and our shareholders. As CEO of the
Company, I could not be more excited to partner with Berwind in taking
Oliver Products to the next level of growth.”
Louis Mitchell, managing director, added, “Mesirow Financial is honored
to have had the opportunity to work with Oliver Products and Mason Wells
on this industry-defining transaction. The Company is an impressive
business with a first-rate reputation, and the sale process generated
significant interest from numerous strategic and financial buyers.”
The transaction represents another successful assignment completed by
Mesirow Financial’s Investment Banking group. Mesirow Financial is one
of the most active advisors in the paper, plastics, packaging and
specialty printing sectors, having completed over 80 transactions in
recent years.
About Oliver Products Company
Oliver Products Company, based in Grand Rapids, Michigan, has been
developing and manufacturing innovative solutions for diverse markets
since 1890. Oliver Products Company is comprised of two leading
businesses: Oliver-Tolas Healthcare Packaging and Oliver Packaging &
Equipment Company. Oliver-Tolas Healthcare Packaging is one of the
world's leading producers of sterile-grade medical device packaging and
pharmaceutical packaging with manufacturing and coating facilities in
Grand Rapids, Michigan; Feasterville, Pennsylvania; Hamilton, Ohio; and
Venray, the Netherlands.