Corporate Finance Associates, an international investment banking services firm providing merger and acquisition, business valuation, capital resource and financial advisory services, announced that it advised Qualified Innovation, Inc. in the successful sale to PolyFirst Packaging, Inc.
Qualified Innovation, Inc., founded in 1989, has grown to become a leading manufacturer and converter of cohesive cold seal paper, film, and foam packaging. The Company’s products include cohesive coated Kraft paper, linerboard, plastic film, and foam. The Company’s products are manufactured in-house at their Sugar Grove, Illinois facility and sold in custom sized rolls or sheets. Customers use the coated rolls or sheets to wrap/package products by hand or using automated equipment for rapid packaging of various items. Qualified Innovation has become an innovator in the industry by their custom product development, expertise with complicated coating materials, short run capabilities, and outstanding quality and service.
PolyFirst Packaging, Inc. extrudes, prints and converts at its 50,000 square foot state-of-the-art facility located in Hartford, Wisconsin. The Company specializes in pre-opened bags on a roll for automatic packaging equipment. Established in 1998 (originally as Advance Bag), PolyFirst Packaging has an in house extruding department and print capability up to 8 colors. The Company’s products include wicket bags, zipper bags, poly stretch sleeves, perfed bags on a roll, die-cut handle bags, patch handle bags, printed roll stock, and adhesive closure bags. The Company is ISO 9001:2000 certified.
“It was important to the Qualified Innovation team that any potential buyer be as focused on quality and customer service as they were, and we found that to be the case with PolyFirst Packaging” said Bob Contaldo of CFA Chicago, lead advisor in the transaction.