Mesirow Financial advises Stronghaven on its sale to Hood Container

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Mesirow Financial advises Stronghaven on its sale to Hood Container

January 22, 2014 - 14:29

CHICAGO, IL, Jan. 22, 2014 (Press Release) -Mesirow Financial acted as the exclusive financial advisor to Stronghaven, Inc. ("Stronghaven" or the "Company"), a company advised by TransOcean Group, Ltd. ("TransOcean"), on its sale to Hood Container Corporation.

Headquartered in Atlanta, Georgia, Stronghaven is a leading multi-facility manufacturer of custom corrugated boxes, displays and packaging solutions. The Company has developed a diverse customer base comprised of industrial and consumer product companies. Stronghaven provides its customers with highly customized solutions through a broad array of products and services, including high-graphic boxes, point-of-purchase displays, inner packaging, stock boxes, state-of-the-art flexographic direct print capabilities, structural and design services, fulfillment and warehousing.

Mike Keough, chief executive officer of Stronghaven, commented, "Mesirow Financial led an excellent process for our shareholders, providing second-to-none industry knowledge coupled with an experienced team that worked together seamlessly."

Bill Hornell, managing director of Mesirow Financial's Investment Banking group, stated, "Mesirow Financial was honored to represent the owners and management of Stronghaven. We were happy to pair Stronghaven with a strong partner in Hood Container Corporation. The Company's exceptional senior management team and market presence, along with a strong strategic fit, has positioned the Company for enhanced growth as part of Hood Container Corporation."

The transaction represents another successful assignment completed by Mesirow Financial's Investment Banking group. Mesirow Financial is one of the most active advisors in the paper, plastics, packaging and specialty printing sectors, having completed over 100 transactions in recent years.

About TransOcean Group, Ltd.

TransOcean Group, Ltd. is a Boston-based private equity firm, operating as a wholly owned subsidiary of Gulf Investment House, a publicly-traded financial house based in Kuwait. TransOcean invests in market-leading companies and superior real estate.

About Hood Container Corporation

Hood Container Corporation, a wholly owned subsidiary of Hood Companies, Inc., operates a 370,000 ton per year semichemical containerboard mill in New Johnsonville, TN. Hood Companies is a privately owned, closely held holding company and is the parent company to operating subsidiaries involved in the manufacture and distribution of forest and wood products, building and construction materials, and flexible and corrugated packaging products throughout North America.

About Mesirow Financial

Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with approximately 1,200 employees globally. With expertise in Investment Management, Global Markets, Insurance Services and Consulting, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals.