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PMCF Announces Financing and Expansion of ESOP for Majors Plastics
Jan 17, 2013

Southfield, MI - P&M Corporate Finance (PMCF) is pleased to announce that it served as the exclusive financial advisor to Majors Plastics, Inc. (Majors) in the expansion of its Employee Stock Ownership Plan (ESOP). PMCF worked with the shareholders over several years to assess alternatives and plan for an ultimate transaction. The expansion of Majors' ESOP was determined to be the best alternative based on the specific requirements of the shareholders and their desires for the Company long-term. PMCF coordinated all aspects of the ESOP transaction and led the arrangement of senior financing from Bankers Trust which resulted in a highly successful transaction that closed in December 2012.

Majors is a leading global custom injection molder and contract manufacturer serving medical, health and safety, electronics, and other end markets. Founded in 1953, Majors has established a strong brand name as a trusted supplier of plastic parts, components, and assemblies. The company operates from a large, multi-facility campus in Omaha, with over 226,000 square feet of state of the art manufacturing space. Major's strong engineering and technical capabilities, enables the company to be a world class manufacturer serving customers throughout the world

"Over the past 60 years our business has successfully grown due to our core values of innovation, quality, and customer service. We can only deliver on these core values because of our dedicated employees. With this in mind, we are very excited to announce the ESOP expansion and look forward to providing the opportunity for more of our employees to participate in the ESOP," said Tim McConnell, Chairman and CEO of Majors Plastics.

Majors selected PMCF's Plastics & Packaging Group, led by John Hart, based on their plastics industry expertise and long-term transaction planning approach. PMCF's expertise in a wide range of transaction structures, including ESOPs and capital raising, was also a factor in their decision. McConnell noted, "PMCF clearly understood our industry and brought significant transaction experience to help guide us through all aspects of our transaction. John and his team were instrumental in helping us assess alternatives and select the best path for our shareholders. This transaction was an outstanding result for Majors that would not have likely been obtained without their involvement."

About PMCF

PMCF is a middle market investment bank providing merger and acquisition advisory services to companies in North America and Europe. PMCF provides a broad range of services including sale advisory, acquisition advisory, capital raising, and strategic advisory. The firm has dedicated industry teams providing services to the plastics and packaging, medical technology, industrials, and business services industries. PMCF has offices in Chicago and Detroit and around the globe via its Corporate Finance International affiliates. For more information, visit www.pmcf.com.

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