Mesirow Financial advises on the sale
Mesirow Financial acted as the exclusive financial advisor to Proactive Packaging and Display, LLC, a portfolio company of CK Pearl Fund, on its sale to New-Indy Containerboard LLC, a joint venture between Schwarz Partners LP and Kraft Group LLC.
Headquartered in Ontario, California, Proactive is an award-winning producer of high-impact corrugated display packaging and merchandising formats for the retail environment. The company designs, manufactures and assembles custom packaging in a 240,000-sq-ft facility using direct print and digital presses capable of printing up to eight colors.
“Our goal was to find a strategic partner that would be devoted to our customer service and growth objectives,” said Doug Johnston, CEO of Proactive. “Mesirow Financial’s team was committed to delivering on that goal, and their guidance throughout the process enabled us to achieve a successful outcome.”
Daniel Gabay, Vice President of Crestline, manager of CK Pearl, commented on the transaction, “We have greatly enjoyed our time with Proactive and wish them the best of luck as they embark on this next chapter. We are confident that they will continue to thrive under New-Indy’s leadership.”