P&M Corporate Finance (PMCF) is pleased to announce that it served as the exclusive financial advisor to privately held U.S. Coexcell, Inc. (“U.S. Coexcell”) of Maumee, OH in its successful sale to Cleveland Steel Container Corporation (“Cleveland Steel”), of Glenwillow, OH. Cleveland Steel is an employee-owned enterprise with key divisions including packaging manufacturing and packaging distribution.
U.S. Coexcell (www.uscoxl.com) manufactures environmentally friendly, multi-layer, plastic drum packaging. The company integrates state-of-the-art quality and production standards in providing critical drum packaging solutions to satisfy the electrochemical, pharmaceutical, and biomedical industries among many others. From ultra high purity drum packaging, to food grade and industrial multi-purpose drums, U.S. Coexcell has become the drum packaging vendor of choice for customers requiring high quality and cost effectiveness from their packaging providers. Specifically within the ultra high purity niche, U.S. Coexcell is one of a handful of qualified manufacturers for multi-layer drums worldwide.
Cleveland Steel (www.cscpails.com) is one of the largest manufacturers of steel pails in the United States. Cleveland Steel markets its products throughout North America to both large Fortune 500 companies as well as small, family-owned businesses. Multiple fully capable steel pail plants are situated in key market areas of the country plus a metal stamping facility for components. The Company maintains a state-of-the-art Technical Center in Streetsboro, OH to develop new products, design, and build advanced pail making technology, and support ongoing operations at the Company’s manufacturing facilities. Cleveland Steel’s distribution division, Pipeline Packaging, is a growing leader in metal, plastic, and other types of packaging with 10 locations nationwide.
Harley Cramer, former President of U.S. Coexcell, and the other shareholders of the Company selected John Hart and PMCF’s Plastics & Packaging Group to serve as exclusive financial advisor for the transaction. Cramer noted, “U.S. Coexcell innovated and patented unique technology which created the Company’s niche within the industry. PMCF did an outstanding job communicating our uniqueness and finding us the best fit buyer. They were invaluable in helping us through each stage of the transaction and have earned our highest recommendation.”