Investment firm Morgan Stanley buys AWT Labels & Packaging
Founded in 1976, Minneapolis, Minn.-based AWT is said to hold a top three market position in the medical device labels and clinical trials labels segments. December 22, 2020 Canadian Plastics
The financial terms of the deal have not been disclosed.
Founded in 1976, AWT is said to hold a top three market position in the medical device labels and clinical trials labels segments, and operates through three facilities in the U.S.: its headquarters in Minneapolis, which focuses primarily on label converting; a flexible packaging plant in South Elgin, Ill.: and a manufacturing facility in Long Island, N.Y. The company employs about 300 workers.
Morgan Stanley Capital Partners (MSCP) has completed an investment in Advanced Web Technologies Holding Company (AWT) from Mason Wells, a Midwest-based private equity firm. AWT operates as AWT Labels & Packaging and Citation Healthcare Labels.
‘We are thrilled to partner with Morgan Stanley Capital Partners as we enter our next phase of growth,’ said Michelle Zeller, president of AWT Labels & Packaging. ‘With MSCP’s support, expertise, deep industry knowledge, and network in packaging, we plan to expand our current capabilities and geographic footprint while continuing to provide the highest quality products to our customers.’
Eric Kanter, managing director of Morgan Stanley Capital Partners, added: ‘We are excited to partner with AWT and its talented management team. The team has built a phenomenal platform that serves attractive, defensive end markets with best-in-class R&D capabilities. We look forward to building upon the company’s prior success by investing in as
Mason Wells announces sale of AWT labels and packaging
21 December 2020 Ã
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.