MILWAUKEE (September 17, 2020) – Custom-Pak Products, Inc. (“Custom-Pak”), a leading formulator and packager of custom-matched touch-up paint solutions, is pleased to announce it has been acquired by PLZ Aeroscience Corporation (“PLZ”). PLZ is the North American leader in specialty aerosol and liquid product manufacturing, serving a variety of consumer and industrial end markets. Grace Matthews, a Milwaukee-based investment bank, advised Custom-Pak on the transaction. Financial terms of the transaction were not disclosed.
Headquartered in Germantown, Wisconsin, Custom-Pak is a full-service provider of exact match touch up paint and small container liquid packaging solutions. Custom-Pak maintains advanced, in-house paint and coating formulating capabilities and supplements this expertise with differentiated color matching, private-label, and packaging offerings. Custom-Pak’s exact match touch up solutions, available in aerosol, brush-in-lid, paint pen, and other packaging containers, are used across architectural, industrial and agricultural equipment, transportation, furniture, and appliance applications. A third generation family-owned and operated business, Custom-Pak was founded in 1972 by Jim Berg and his father, Dick Berg.
“With help from my family, loyal employees, the support of valued suppliers along with our distinguished base of customers, we grew into a highly respected manufacturer of exact match touch up paint, offering unique products with the highest level of customer service. Finding the right long-term, strategic partner to build upon and enhance the Custom-Pak tradition was critical in our search for the next owner of the company,” said Jim Berg, President and CEO of Custom-Pak. “We’re incredibly excited to partner with PLZ, who has demonstrated its ability to be a great partner and ‘home’ for similar family-owned businesses. We’re confident this compelling combination will preserve the legacy we’ve built, support our loyal employees, and continue to serve our customers with expanded resources moving forward.”
”It was truly a pleasure getting to work closely with the Berg family throughout this process. The honest and transparent manner in which they approached all matters, both business and personal, was appreciated and instrumental in helping manage through the recent, COVID-related impacts on their business and the transaction. They have built a great business, the right way, and we are genuinely excited about consummating their partnership with PLZ,” said Ben Scharff, Managing Director at Grace Matthews. “As a differentiated leader in their respective industry, the Bergs had compelling options to choose from as they considered a sale process. Finding the right strategic partner was critical to the family and we’re pleased to have helped the Bergs find this with PLZ,” added Chris Hayes, Associate at Grace Matthews.
About PLZ Aeroscience
Headquartered outside Chicago, PLZ is the North American leader in specialty aerosol and liquid product manufacturing. The PLZ family of companies specializes in the development, manufacturing, packaging and distribution of a comprehensive line of contract fill, branded and private-label products for a variety of consumer and industrial end markets. PLZ is owned by Pritzker Private Capital and management. For more detailed information on PLZ, visit www.plzaeroscience.com.
About Grace Matthews, Inc.
Grace Matthews, Inc., a Milwaukee-based investment bank, provides merger, acquisition and corporate finance advisory services to private and public companies across the chemical and materials value chain. Over the past two decades, Grace Matthews has successfully completed over 150 transactions on behalf of clients ranging from private, middle-market companies to large, foreign or U.S.-based multi-nationals. For more detailed information on Grace Matthews, visit www.gracematthews.com.
CONTACT:
Ben Scharff, Managing Director bscharff@gracematthews.com
Chris Hayes, Associate chayes@gracematthews.com
Courtney Browne, Analyst cbrowne@gracematthews.com