Mason Wells has announced the sale of AWT Labels & Packaging to Morgan Stanley Capital Partners, facilitating new growth opportunities for the Minnesota-based company in the competitive flexible packaging industry.

Target Company Overview

Mason Wells recently announced the sale of AWT Labels & Packaging, a portfolio company of Mason Wells Buyout Fund III, LP, to Morgan Stanley Capital Partners. Headquartered in Minneapolis, Minnesota, AWT is a prominent provider of labels and flexible packaging solutions, primarily catering to the healthcare, personal care, and food and beverage sectors. The company operates through three facilities across the United States and ranks among the top three providers in the medical device labels and clinical trial labels segments. AWT is distinguished by its innovative design approach and rapid market delivery, enabling it to meet critical application needs for its customers.

Under Mason Wells' ownership since 2015, AWT has experienced significant growth and operational improvements. AWT has successfully executed a value creation plan in collaboration with its management team. This included investments in new equipment to enhance production capabilities and strategic acquisitions, such as Citation Healthcare Labels, which further bolstered AWT's position in the healthcare labels market. Jay Radtke, Senior Managing Director at Mason Wells, highlighted the partnership and expressed pride in AWT's accomplishments during their ownership.

Industry Overview in the United States

The flexible packaging industry in the United States has been witnessing consistent growth, driven by increased demand across various segments, including food, beverage, pharmaceuticals, and personal care. This growth is attributed to s