Mill Rock Packaging acquires Impressions Incorporated

Impressions, based on St. Paul, MN and founded in 1967 by Mark Jorgensen, Sr., is a market leader in the design, engineering and production of premium paperboard packaging and commercial printing products for a variety of end markets. The company’s core offering covers a wide range of premium, eco-friendly and 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, Minn..

Impressions will operate as a sister company to Mill Rock Packaging’s other operations and become the vanguard of its national expansion strategy. The combined platform includes five converting facilities offering high-design paperboard packaging to an attractive range of consumer markets focused on everyday needs, supported by a comprehensive suite of value-added services. As part of the transaction, Impressions management made a significant investment in Mill Rock Packaging.

“Joining forces with Impressions is an exciting development for customers, suppliers and associates of both organizations,” said Bob Feeser, vice president of Mill Rock Packaging and senior partner of Mill Rock Capital. “The transaction marks our entry into the important Midwest market and will allow us to expand our value-added product and service offerings across the combined footprint.”

CEO of Mill Rock Packaging Allen Ennis added, “Impressions has set a standard for quality service in our industry for many years. We view the business as a key part of Mill Rock Packaging’s geographic expansion strategy, and expect significant future investments to accelerate the achievement of this goal.

“Mill Rock is the ideal partner to support Impressions’ long-standing commitment to quality, innovation and reliability,” said Impressions’ Managing Director. Mike Jorgensen. “Our shared vision for future growth will greatly benefit from the additional resources and capabilities of the expanded platform.”

Alvarez & Marsal and White & Case LLP advised Mill Rock Packaging on the transaction. FINNEA Group advised Impressions. BMO Sponsor Finance and PGIM Private Capital provided debt financing.

ABOUT INCORPORATED PRINTS

Impressions Incorporated is a market leader in the design, engineering and production of premium paperboard packaging and commercial printing products. Situated at St. Paul, MN, Impressions has been a trusted partner to the consumer packaged goods industry since 1967. The company is widely respected for its high quality service, innovation and creativity, and longstanding technology leadership. Impressions operates facilities in St. Paul and Hutchinson, MN. For more information, please visit http://www.ii.com/.

ABOUT MILL ROCK PACKAGING PARTNERS

Mill Rock Packaging Partners is a specialty packaging growth platform and portfolio company of Mill Rock Capital. The partnership was formed in 2020 to invest in growing businesses with advanced service and product capabilities in the consumer packaging industry. For more information, please visit https://millrockpackaging.com/.

ABOUT MILL ROCK CAPITAL

Great Mill Rock LLC dba Mill Rock Capital is a growth and operations-focused private investment firm that invests in well-positioned middle-market industrial companies in North America. Founded by Christopher Whalen and Adi Pekmezovic, Mill Rock Capital is specifically designed to invest in family businesses, owner-operators and founder-led businesses across six verticals. Targeted sectors include chemicals, materials and packaging; industrial distribution; services; engineering metals and materials; transport and logistics; and specialized manufacturing and industrial technology. This strategy is based on the deep expertise of the company’s leaders, the majority of whom have direct operational experience in these same industries. Mill Rock Capital is supporting business transformation through a dual sourcing strategy encompassing majority equity and ActivCapital® – Debt, senior equity or hybrid investments that offer business owners a value-added financial partnership without giving up majority ownership. For more information, please visit https://millrock-cap.com/.

Lambert
Joan Lessner
212-222-7436
[email protected]
Where
Jennifer Hurson
845-507-0571
[email protected]

Mill Rock Packaging Partners
Bob Feeser
212-763-7740 ext. 716
[email protected]
Where
Allen Ennis
[email protected]

SOURCE Mill Rock Capital