US – Mill Rock Packaging Partners, a portfolio company of private investment firm Mill Rock Capital, has completed the acquisition of US-based specialty packaging and printing company Impressions.
Based in St Paul, Minnesota, Impressions specializes in designing, engineering and producing high-end paperboard packaging and commercial printing products for various end markets.
The company’s core offering spans a broad range of high-end, eco-friendly, customized folding cartons for consumer staples, pharmaceuticals, health and beauty and other daily-use products.
Impressions offer lithographic printing and a host of value-added services, including product engineering, prototyping and post-print production.
Following the acquisition, Impressions will function as a sister company to Mill Rock Packaging’s other operations and support its strategy to expand across the US.
The combined entity will run five converting facilities, which will manufacture high-design paperboard packaging for consumer markets according to their daily requirements.
In connection with the transaction, Impressions’ leadership made a significant investment in Mill Rock Packaging.
“Joining forces with Impressions is an exciting development for the clients, suppliers and associates of both organizations,” said Mill Rock Packaging Vice Chairman and Mill Rock Capital Senior Partner Bob Feeser.
“The transaction marks our entry into the important Midwest market and will enable us to expand our product and value-added service offerings across the combined footprint.”
Mill Rock Packaging Chief Executive Officer Allen Ennis added: “Impressions has set a standard for quality service in our industry for many years.
“We view the business as a key component of Mill Rock Packaging’s geographic expansion strategy, and we expect meaningful future investment to accelerate attainment of this objective.”
Commenting on the deal Mike Jorgensen, Chief Executive Officer of Impressions said: “Mill Rock is the ideal partner to sustain Impressions’ longstanding commitment to quality, innovation and reliability.
“Our shared vision for future growth will benefit greatly from the additional resources and capability of the broader platform.”
Alvarez & Marsal and White & Case LLP advised Mill Rock Packaging on the transaction. FINNEA Group advised Impressions. BMO Sponsor Finance and PGIM Private Capital provided debt financing.
Last February, Mill Rock Packaging acquired US-based specialty paper packaging company All Packaging for an undisclosed sum.
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