Mason Wells has announced the closing of the sale of Advanced Web Technologies Holding Company (AWT) to investment funds managed by Morgan Stanley Capital Partners (MSCP).
AWT
Mason Wells announces sale of AWT labels and packaging
AWT operates under the trade name AWT Labels & Packaging and was a Mason Wells Buyout Fund III portfolio company.
Headquartered in Minneapolis, AWT is a leading provider of labels and flexible packaging solutions focused on healthcare, personal care, and food and beverage end markets. The Company operates through three facilities in the US and holds a top three market position in the medical device labels and clinical trials labels segments. Through its innovative product design approach and swift speed to market, AWT helps customers address mission-critical application needs.
Jay Radtke, Senior Managing Director of Mason Wells, said: “We are very proud of the success that AWT has achieved under our ownership. Since our acquisition in 2015, we successfully executed the value creation plan that we developed together with the management team. We invested in new equipment to increase capacity and position the business for future growth. We also completed the acquisition of Citation Healthcare Labels, a leading provider of pharmaceutical clinical labels, which further expanded the Company’s healthcare labels business and complemented AWT’s existing medical device labels expertise. We would like to sincerely thank Jim Lundquist, CEO, Michelle Zeller, president and CFO, and the entire AWT team.”
Jim Lundquist, CEO of AWT, added: “Mason Wells has been an outstanding partner for the business and the management team over the last five years,” said. “We really enjoyed the collaborative relationship with Mason Wells, who provided strategic direction, built a strong Board of Directors, and demonstrated a willingness to invest in the business through facility and equipment investments, as well as a strategic acquisition. We have achieved tremendous growth and operational improvements in partnership with Mason Wells over the past several years, and the future looks bright for AWT.”