M&A Deal Summary

Sabert Acquires Mullinix Packages

On July 18, 2016, Sabert acquired packaging company Mullinix Packages from Mason Wells

Acquisition Highlights
  • This is Sabert’s 3rd transaction in the Packaging sector.
  • This is Sabert’s 3rd transaction in the United States.
  • This is Sabert’s 1st transaction in Indiana.

M&A Deal Summary
Date 2016-07-18
Target Mullinix Packages
Sector Packaging
Buyer(s) Sabert
Sellers(s) Mason Wells
Deal Type Add-on Acquisition

Target

Mullinix Packages

Fort Wayne, Indiana, United States
Mullinix Packages, Inc. is a manufacturer of thermoformed packaging for the food industry. The company manufactures custom and stock trays, clamshells, lids and cups for food processing, food service and retail end markets. Mullinix's customer base includes branded and private label food processors, food packaging companies, quick service restaurants and foodservice distributors.

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Buyer(S) 1

Buyer

Sabert

Sayreville, New Jersey, United States
Category Company
Founded 1984
Sector Packaging
DESCRIPTION

Sabert Corp. is a food service packaging manufacturer.

DEAL STATS #
Overall 3 of 4
Sector (Packaging) 3 of 4
Type (Add-on Acquisition) 3 of 4
State (Indiana) 1 of 1
Country (United States) 3 of 4
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 Kalman Packaging

Graham, North Carolina, United States

Kalman Packaging, Inc. is a manufacturer of thermoformed plastic hinged food containers, focused on the bakery/supermarket sector.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 LBP Manufacturing

Cicero, Illinois, United States

LBP Manufacturing LLC is a producer of environmentally progressive and sustainable food and beverage packaging. LBP Manufacturing LLC is widely known for its hot beverage solutions such as the original Coffee Clutch hot cup sleeve and Beverage on the Move insulated beverage to-go carrier in addition to a variety of unique catering trays, folding cartons, clamshells, and other containers.

Buy -

Seller(S) 1

SELLER

Mason Wells

Milwaukee, Wisconsin, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Mason Wells is a private equity firm focused on middle-market buyout opportunities in the Midwest US. Mason Wells looks to invest in businesses operating in engineered products and services, outsourced business services, and specialty packaging. Target companies typically generate revenue of $25 to $300 million and EBITDA of at least $5 million. The Firm prefers businesses with high barriers to entry, limited customer concentration, and strong market positions. Mason Wells was originally formed 1982 as a subsidiary of Marshall & Ilsley Corporation and became an independent firm in 1998. Mason Wells is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 26 of 40
Sector (Packaging) 5 of 7
Type (Add-on Acquisition) 19 of 24
State (Indiana) 2 of 2
Country (United States) 25 of 38
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-02 MGS

Germantown, Wisconsin, United States

MGS is a provider of vertically integrated optimized manufacturing solutions for high precision plastic products with services including engineering and design-for-manufacture; mold making; sampling and development; injection molding; value-added contract manufacturing operations; multishot technologies; scalable automation and application-specific turnkey manufacturing systems serving healthcare, electronics, automotive, and consumer end markets. MGS was founded in 1982 and is based in Germantown, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-30 Dedicated Computing

Waukesha, Wisconsin, United States

Dedicated Computing is a provider of embedded computers (compute engines) as well as integration and product lifecycle management services to original equipment manufacturers (OEMs) and independent software vendors (ISVs). Dedicated Computing was founded in 1978 and is based in Waukesha, Wisconsin.

Sell -
Mergr

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