Progress Container & Display has been sold to The Royal Group (TRG), a subsidiary of Schwarz Partners
Chicago, IL – CFI USA (P&M Corporate Finance, LLC) is pleased to announce that it served as the exclusive financial advisor to Progress Container & Display (“Progress Container” or the “Company”) on its sale to The Royal Group (“TRG”), a wholly-owned subsidiary of Schwarz Partners.
Based in Winder, Georgia, Progress Container is a premier solutions provider in the corrugated industry offering a range of packaging for industrial, retail, eCommerce and point-of-purchase display customers.
“This is a fantastic opportunity for TRG to expand our capabilities and solutions for our customers,” said Bob McIlvaine, CEO of TRG. “Progress Container is a well-respected name in our industry, and their commitment to high graphics solutions and state-of-the-art equipment further enhances our mission statement to provide value-added solutions to the most demanding customers.”
Progress Container marks the 17th manufacturing facility and 37th TRG location nationwide. This acquisition supports TRG’s strategic focus centered around growth, innovation and people. This will be the second TRG location in Georgia, including Dalton Box, and provides expanded coverage and capabilities to customers in the southeast.
“We’re really excited to join The Royal Group” said Jim Johnson, Jr., President of Progress Container & Display. “Coming into another family business who share the same values, culture and integrity in business is very important to our family and builds upon the legacy that my father started 51 years ago.”
John Hart, Managing Director and leader of PMCF’s Packaging Group also commented on the transaction, “We were proud to represent Progress Container on this transaction and enjoyed working with Jim and his sisters. The Company has been a long-time innovator in the corrugated industry and has a unique culture. TRG turned out to be the perfect buyer bringing a similar culture and the ability to leverage what Jim and his father have built over many years.”
This transaction closed on 31 August 2022.
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This transaction was advised by:
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John Hart
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