Mason Wells Newsletter 2016 - Volume 2
In This Issue:
• Mason Wells Acquires MGS Mfg. Group, Inc.
• CE Power Acquires 3C Electrical Company, Inc.
• Mason Wells Launches New Website & Logo
Portfolio Company Updates:
• AWT Labels & Packaging
• Nelipak Healthcare Packaging
Mason Wells Acquires MGS Mfg. Group, Inc.
Mason Wells recently announced the acquisition of MGS Mfg. Group, Inc., the first Mason Wells Buyout Fund IV investment.
Headquartered in Germantown, Wisconsin, MGS is a global supplier of injection molded plastic components, tooling, and equipment for healthcare, electronics, automotive, and consumer end markets. MGS’s unique value proposition of world-class molding, tooling, and automation offers a turnkey solution for global OEMs and brand owners.
Founded by Mark G. Sellers in 1982, the Company has expanded its service offering and geographic reach over the years. In addition to facilities in Wisconsin, MGS has operations in Illinois, New York, Mexico, and Ireland.
“This acquisition will provide long-term growth opportunities for our Company” said Jeff Kolbow, CEO of MGS. “In Mason Wells, we have a strong partner to invest in and grow the business. We’re excited with the opportunity to extend our reach, both in terms of capabilities and geography to better serve our global customer base.”
For more information, please visit the Company’s website at www.mgstech.com.
CE Power Acquires 3C Electrical Company, Inc.
CE Power Engineered Services, LLC, a leading provider of outsourced power system engineering, testing and maintenance services, announced the acquisition of 3C Electrical Company, Inc. on May 31, 2016.
Located in Westborough, Massachusetts, 3C specializes in electric power engineering, testing, and commissioning services for low, medium, and high voltage systems. The Company also provides cutting-edge services related to electric reliability compliance standards. The merger creates exciting opportunities for existing customers of 3C, including turnkey project management and product solutions. With expanded engineering and technical resources in the Northeast, the combination provides significant benefits for existing customers of CE Power as well.
For more information, please visit the Company’s website at www.cepower.net.
Mason Wells Launches New Website & Logo
Mason Wells, Inc. announces the launch of its redesigned website and logo at www.masonwells.com. The new website provides a more updated and modern look reflecting the firm’s focus on supporting the growth initiatives of Midwestern-based companies. New features on the website include descriptions of Mason Wells’ four industry sectors, case studies, and updated photos and biographies of the Mason Wells team. Additionally, the Portfolio section of the website allows users to filter Mason Wells portfolio companies by industry sector, fund, ownership status, and whether seeking tuck-in acquisitions. The new website also features an updated two page summary overview that can be downloaded and printed.
Portfolio Company Updates
AWT Labels & Packaging was featured in the March 2016 issue of packagePRINTING magazine as “The Complete Package”. With two production sites, AWT is a full-service packaging provider to its label and flexible packaging customers. Its main facility in Minneapolis, Minnesota focuses primarily on pressure-sensitive labels, while the second facility in South Elgin, Illinois, produces most of the Company’s flexible packaging.
Because of the Company’s expertise in both packaging construction and graphics, there are often times when a customer’s work carries over between the multiple locations. “When we sit with our customers, we try to get a full understanding of what they’re trying to accomplish across the board,” said Mike Gallagher, VP of the South Elgin location.
Sometimes the customers need the Company’s expertise in both packaging construction and graphics, so both production sites will join forces to take care of the customer’s printing and packaging needs. To read the complete news article, please visit www.packagePRINTING.com.
Earlier this year, AWT Labels and Packaging, and Computype, another Twin Cities-based package printer, noticed a severe lack of up-and-coming flexographic press operators, so they took matters into their own hands and created Flexographic Tech (“Flexo Tech”), a nonprofit corporation located in Minneapolis, Minnesota. Flexo Tech will educate students who want to become Flexographic Press Operators. This program will create a much needed feeder system for flexographic printers in Minnesota and the surrounding Midwest area.
“AWT has been growing rapidly and we are faced with job candidates that do not have in depth flexo press training. We have struggled to train press helpers and give them the on-press experience they need. There is no local source of training in the flexographic field in Minnesota,” said Jim Lundquist, President and CEO of AWT Labels & Packaging. “Computype was facing the same challenges, so we teamed up to sponsor Flexographic Tech. We want to make sure our industry continues forward with the best trained operators possible.” For more information, please visit Flexo Tech’s website www.flexographictech.org.
Paul Hogan, who has helped lead Nelipak Healthcare Packaging in its growth as an independent company, was named the 2016 Plastics News CFO of the Year.
Mr. Hogan was announced as the winner at the June 2016 Plastics Financial Summit in Chicago.
The award honors financial leaders at North American plastics processors who have helped their companies achieve growth and financial success.
Mr. Hogan has been with the Cranston, Rhode Island based Nelipak since April 2014, shortly after it was purchased from Sealed Air Corporation by Mason Wells. To find out more about the award and Mr. Hogan, please visit www.plasticsnews.com.