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P&M Corporate Finance (“PMCF”) is pleased to announce that it served as the exclusive financial advisor to Progress Container & Display (“Progress Container” or the “Company”) on its sale to The Royal Group (“TRG”), a wholly-owned subsidiary of Schwarz Partners.
Based in Winder, Georgia, Progress Container is a premier solutions provider in the corrugated industry offering a range of packaging for industrial, retail, eCommerce and point-of-purchase display customers.
“This is a fantastic opportunity for TRG to expand our capabilities and solutions for our customers,” said Bob McIlvaine, CEO of TRG. “Progress Container is a well-respected name in our industry, and their commitment to high graphics solutions and state-of-the-art equipment further enhances our mission statement to provide value-added solutions to the most demanding customers.”
Progress Container marks the 17th manufacturing facility and 37th TRG location nationwide. This acquisition supports TRG’s strategic focus centered around growth, innovation and people. This will be the second TRG location in Georgia, including Dalton Box, and provides expanded coverage and capabilities to customers in the southeast.
“We’re really excited to join The Royal Group” said Jim Johnson, Jr., President of Progress Container & Display. “Coming into another family business who share the same values, culture and integrity in business is very important to our family and builds upon the legacy that my father started 51 years ago.”
The Progress Container shareholders selected PMCF, led by John Hart, to serve as their exclusive financial advisor/investment banker in the transaction. “John and the PMCF team were critical to the success of this once in a lifetime transaction for my family. They spent considerable time with us prior to launching a transaction and guided us through every step of the transaction process. I am very pleased with the outcome and would highly recommend John and the PMCF team to other corrugated packaging companies considering a transaction,” added Johnson.
John Hart, Managing Director and leader of PMCF’s Packaging Group also commented on the transaction, “We were proud to represent Progress Container on this transaction and enjoyed working with Jim and his sisters. The Company has been a long-time innovator in the corrugated industry and has a unique culture. TRG turned out to be the perfect buyer bringing a similar culture and the ability to leverage what Jim and his father have built over many years.”
About PMCF
PMCF is a client-centric middle market investment bank providing merger and acquisition advisory services to privately held shareholders as well as public, and private equity owned companies worldwide. The firm combines expansive industry and transactional expertise with highly engaged, senior-level bankers to create tailored solutions for clients. PMCF has been serving the packaging industry for over 20 years and has a long track record of successful transactions involving specialty, niche players across most segments of the industry.
PMCF is a trade name for PMCF Advisors, LLC and P&M Corporate Finance, LLC, a FINRA-registered broker-dealer and SIPC member firm. PMCF Advisors, LLC provides M&A advisory services, and P&M Corporate Finance, LLC provides capital-raising services. These firms are related by common control and professional staffing.
About Progress Container & Display
Progress Container & Display was founded in 1971 in Lilburn, Georgia focusing on industrial packaging solutions for the Georgia market and beyond. To meet industry demands in the retail arena, in the mid-1980s the company broadened their scope of products offerings to include high-quality color displays by strategically investing in new equipment and technology. Since then, while still relying on the strength of their people and the culture therein, they continued to evolve and expand their services and offerings to what they are today. Please visit www.progresscontainer.com for more information.
About The Royal Group
TRG was established over 100 years ago in Chicago as a manufacturer and distributor of wooden crates, boxes, and pallets. Since, TRG has vastly expanded into one of the nation’s largest independent corrugated box and display manufacturers. With 37 locations nationwide and growing, they strive to serve their mission to provide value added solutions for the most demanding customers. TRG’s solutions range in scope from industrial packaging and brown box shipping containers to high-end graphic packaging, ecommerce, in-store displays and shelf-ready packaging. These products serve a diverse array of markets, including retail, food and beverage, pharmaceutical, health and beauty, agriculture, tech and home goods, among others. Please visit www.teamtrg.com for more information.
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