Mason Wells announced the closing of the sale of Advanced Web Technologies Holding Co. (AWT) to investment funds managed by Morgan Stanley Capital Partners, the middle-market focused private equity team at Morgan Stanley Investment Management. 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 provider of labels and flexible packaging solutions focused on healthcare, personal care, and food and beverage end markets. It operates three facilities in the United States and holds a top three market position in the medical device and clinical trial labels segments. Through its innovative product design approach and swift speed to market, AWT helps customers address mission-critical application needs, stated Mason Wells.
Mason Wells acquired AWT in 2015, after which it invested in new equipment to increase AWT’s capacity and better position the company for future growth. Mason Wells also “completed the acquisition of Citation Healthcare Labels, a provider of pharmaceutical clinical labels, which further expanded AWT’s healthcare labels business and complemented AWT’s existing medical device labels expertise,” said Jay Radtke, Senior Managing Director of Mason Wells.