FORT WAYNE, IND. (Updated Dec. 29, 4 p.m. ET) — Private equity company Mason Wells of
Fort Wayne, Ind.,-based Mullinix thermoforms clamshells, trays, cups and lids for food processing, retail and restaurant markets. It also makes its mx SleeveRedi thermoformed cups wrapped with a paperboard sleeve. SleeveRedi ‘s paperboard component adds strength to the cup, allowing the use of less plastic. The sleeve is easily removed and provides high quality graphics using offset and digital printing on both the outside and inside of the sleeve.
Mason Wells bought Mullinix from the family of George Lueken, who founded the firm in 1976. Lueken died at age 82 on June 20, in a
Other Mason Wells packaging businesses include Coating Excellence International LLC, a broad-based plastics film converter involved in lamination, woven poly bag manufacturing, bags, pouches and sophisticated graphics in Wrightstown, Wis.; NEX Performance Films Inc,. a
The purchased business will be owned by Mason Wells and Mullinix management.
Mullinix's main markets are branded and private label food processors, food packaging companies, fast service restaurants and foodservice distributors. It does both roll-fed and inline thermoforming using polypropylene, APET and CPET.
Mullinix has just completed a $4 million, 292,000-square-foot expansion in
“We are excited about the potential of [SleeveRedi] and believe that to support the growing opportunities we are seeing we needed to have our best technical resources close at hand,” Gentili explained.
“[Mullinix's] skilled workforce, modern manufacturing capabilities, talented sales organization and experienced management team have allowed the company to consistently meet the expectations of its customers,” noted Mason Well s senior managing director Tom Smith in a news release. “The company provides an excellent platform for growth and is well positioned to capitalize on a number of market and new product opportunities in the thermoformed food packaging industry.”