Mill Rock Capital, a growth and operations oriented private investment firm, and its portfolio company Mill Rock Packaging Partners, acquired Impressions Incorporated, a specialty packaging and printing company specializing in the complete production of custom folding cartons and ancillary products for various end markets. Mill Rock Packaging is a growth-oriented specialty packaging company focused on leading design, innovation and technology, strong operational capabilities and unparalleled customer service. Terms of the transaction were not disclosed.
Alvarez & Marsal and White & Case advised Mill Rock Packaging on the transaction. FINNEA Group advised Impressions. BMO Sponsor Finance and PGIM Private Capital provided debt financing.
Impressions, based in St. Paul, MN and founded in 1967 by Mark Jorgensen, Sr., is a provider of design, engineering and production of high-end paperboard packaging and commercial printing products for a variety of end markets. The company’s core offering spans a broad range of high-end, ecofriendly, customized folding cartons for consumer staples, pharmaceuticals, health and beauty and other daily-use products. Impressions offers lithographic printing and a host of value-added services, including product engineering, prototyping and post-print production. The company operates state-of-the-art production facilities in St. Paul and Hutchinson, MN.
Impressions will operate as a sister company to Mill Rock Packaging’s other operations and become the leading edge to its national expansion strategy. The combined platform comprises five converting facilities offering high-design paperboard packaging to an attractive range of daily needs-driven consumer markets, supported by a comprehensive suite of value-added services. In connection with the transaction, Impressions’ leadership made a significant investment in Mill Rock Packaging.
“Joining forces with Impressions is an exciting development for the clients, suppliers and associates of both organizations,” Bob Feeser, vice chairman at Mill Rock Packaging and senior partner of Mill Rock Capital, said. “The transaction marks our entry into the important Midwest market and will enable us to expand our product and value-added service offerings across the combined footprint.”
“Impressions has set a standard for quality service in our industry for many years,” Allen Ennis, CEO of Mill Rock Packaging, said. “We view the business as a key component of Mill Rock Packaging’s geographic expansion strategy, and we expect meaningful future investment to accelerate attainment of this objective.”
“Mill Rock is the ideal partner to sustain Impressions’ longstanding commitment to quality, innovation and reliability,” Mike Jorgensen, CEO of Impressions, said. “Our shared vision for future growth will benefit greatly from the additional resources and capability of the broader platform.”
