Mason Wells buys Appleton Performance Packaging

Private equity firm Mason Wells, based in Milwaukee, WI, has bought Appleton Performance Packaging from Appleton Papers, Inc. Mason Wells will rename the business NEX Performance Films, Inc. The details of the deal were not disclosed. Mason Wells recently closed on a $525 million equity fund called Mason Wells Buyout Fund III.

PRESS RELEASE

Mason Wells recently announced that it has closed on the acquisition of Appleton Performance Packaging from Appleton Papers, Inc. The business will be renamed NEX Performance Films, Inc. and will be owned by Mason Wells, current management, and other co-investors.
NEX Performance Films is a leading provider of high-quality polyethylene films. The company supplies converters with a broad array of products, from monolayer to high barrier films for the food, foodservice, pet food, industrial, and medical markets.
Mason Wells is pleased to be partnering with NEX’s management team to support the company’s growth initiatives. The company’s skilled workforce, technical film capabilities, sales organization, state-of-the-art equipment, and experienced management team are all factors that have allowed the company to consistently meet the expectations of its customers. The company provides an excellent platform for growth and is well-positioned to capitalize on a number of market and new product opportunities. Mason Wells intends to support NEX as an independent specialty film supplier and will be investing in new and upgraded capacity to support the company’s growth plans.

“Mason Wells shares our vision of becoming the leading independent supplier of blown polyethylene film to converters, and they are prepared to immediately invest in our film business,” said Kathy Bolhous, President and CEO of NEX Performance Films. “They have a great track record of enhancing their portfolio companies, and with their strong financial backing and network of resources, we look forward to continuing to serve our customers with innovative, high-quality film solutions.”

Mason Wells Looking to Buy Before Year End

We get the impression that everyone wants to sell by year end. The increases in the tax rates that seem likely to take effect in 2011 are motivating many business owners to sell their companies in 2010, particularly private equity firms. If you are feeling the pressure to move quickly, please contact Mason Wells because we are prepared to get deals done before December 31st.

We recently closed on Mason Wells Buyout Fund III, a $525 million equity fund raised to make control-oriented buyout investments within the Investment Criteria shown on the bottom of this newsletter.

With nearly 30 years of transaction experience, we know the types of deals we are looking for, have experienced deal teams ready to act, and are prepared to move quickly without financing contingencies if necessary.

We will work on a confidential basis without the need for a prepared offering memorandum. We will meet privately with you to review financial information and assess the opportunity. We understand the current market prices and intend to pay fair prices for good companies. We will work quickly with owners and managers to construct a deal that works for all parties. We are a cash buyer with the ability to move quickly and close according to your time frame.

Please contact us if you have a situation where we might help.