Knox & Co. Announces Calsak Corporation Transaction
PRESS RELEASE
FOR IMMEDIATE RELEASE
Knox & Co. completes divestiture for Calsak Corporation
Westport, CT, May 31, 2005 –
Knox & Co., and its affiliate, Knox Securities Corp. (jointly
herein after “Knox & Co.”), a leading investment
banking firm on middle-market and cross-border mergers and acquisitions,
and Mitsubishi Securities (USA), Inc. today announced that they
jointly acted as exclusive financial advisor to Calsak Corporation
(“CC”) in connection with the divestiture of its Plastics
Division (“Calsak Plastics”). Knox & Co. initiated,
structured and negotiated the transaction on behalf of Calsak Corporation
Calsak Plastics is one of the largest distributors of plastic sheet,
rod, tube and film on the West Coast and is most well known for
its acrylic and “see-through” products. The transaction
involved Calsak Plastics’ six locations in Los Angeles, San
Francisco, Portland, Seattle, Houston and Atlanta. The purchaser
was Port Plastics, Inc., a West Coast-based plastics distributor
affiliated with Laird Plastics in the U.S. and Amari Plastics of
the U.K. Michael Baisley, Managing Director with Knox, was lead
banker on this transaction. He was assisted by Tsuyoshi Togo, Vice
President with MS. Financial details of the transaction were not
disclosed.
Calsak Corporation selected Knox & Co. and Mitsubishi Securities
for this important project based on their expertise in both cross-border
M&A and in structuring a complex divestiture of a division with
shared resources. Osamu Sakai, President of Calsak Corporation stated,
“Our investment bankers were a true partner in helping us
analyze all our options and presenting new alternatives to maximize
value. We are grateful for their expert assistance.” Michael
Baisley commented, “Knox & Co. is extremely pleased to
have completed this transaction and honored to have been given the
opportunity.”
Knox & Co. is an investment banking, consultancy and advisory
firm specializing in two complementary advisory disciplines: Investment
Banking and Corporate Reorganization. With its office in Westport,
Connecticut, the firm undertakes assignments throughout North America
and, when necessary, abroad. Knox & Co. conducts its securities-related
business through its wholly owned subsidiary, Knox Securities Corp.,
member NASD. In addition, the firm enjoys a strategic alliance with
Mitsubishi Securities Co., Ltd. (“MSC”), the core securities
company in Mitsubishi Tokyo Financial Group (“MTFG”).
Together, Knox and MSC have more than 80 M&A professionals capable
of handling transactions around the globe and, together are one
of the leading investment banks for middle-market, cross-border
assignments involving a Japanese principal.
Knox & Co. has advised on more than 100 middle-market merger
and acquisition and advisory assignments since its inception, with
in excess of $2 billion in transaction value. The firm’s principals
have worked on cumulative transactions in excess of $15 billion.
For more information please visit www.knoxandco.com.
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