Mesirow, an independent, employee-owned financial services firm, has acted as the exclusive financial advisor to Standard Multiwall Bag Manufacturing Co. (“Standard Bag”) on its sale to Gelpac, a portfolio company of Namakor Holdings.

Founded in 1985 in Beaverton, OR, USA, Standard Bag is a second generation, family-owned and operated manufacturer of multiwall and wovenpoly laminated sacks for a diverse mix of long-standing customers across large, growing, and high-value end markets. The company’s production capabilities include flexographic printing, laminating, converting and finishing services in addition to value-added warehouse and logistics services.

Jerry Lin, general manager of Standard Bag, says, “Standard Bag has been a family-run business since inception and has established itself as a market leader in the packaging industry with unmatched quality, service, and reliability. Mesirow served as a trusted advisor to Standard Bag, and the Mesirow team expertly prepared and guided our family through the sale process and provided excellent counsel and support that resulted in a tremendous outcome. We are excited to partner with Gelpac and we look forward to the continued growth and success of the combined entities.”

“We were proud to represent Standard Bag in this transaction,” states Rick Weil, managing director of Investment Banking at Mesirow. “Standard Bag has built an outstanding marketplace reputation and it was an honor to lead the company through this milestone event.”

Chris Yike, director of Investment Banking at Mesirow, adds, “We believe that Gelpac is an ideal partner to support Standard Bag’s growth objectives and will enable to the company to enhance its value-proposition, market position and reputation across North America. We valued our relationship with Standard Bag, and we look forward to watching the success of this partnership.”