Advanced Web Technologies, LLC (AWT), a leading provider of pressure-sensitive labels and flexible packaging, has been acquired by Milwaukee private equity firm Mason. The acquisition occurred on June 5.
The business will continue to conduct business under its trade name, AWT Labels & Packaging. PCM Companies, a Twin Cities-based private equity firm, sold its interest after owning AWT for over 10 years.
“We are excited about the opportunity to partner with Mason Wells and continue expanding our capabilities,” says Jim Lundquist, AWT Labels & Packaging CEO. “With Mason Wells’ strong financial backing, we plan to strategically expand our current business footprint. The entire AWT management team will remain intact and we continue to focus on the mission of providing solutions that help reduce our customers’ Total Applied Costs.”
Adds Jay Radtke, managing director, Mason Wells: “AWT is an excellent company well positioned for growth in one of our primary industry sectors, packaging materials and converting. AWT Labels & Packaging’s management, employees and suppliers are all key factors that have allowed the company to consistently meet or exceed customer expectations and will continue to do so going forward. AWT is well positioned as a platform for growing its labels and flexible packaging sector footprint.”
AWT Labels & Packaging