MSI Express, backed by HCI Equity Partners, acquires the facility of PacMoore Products
MSI completes the third acquisition of an add-on
Posted: October 26, 2021 at 6:00 a.m. CDT
PORTAGE, Ind., October 26, 2021 / PRNewswire / – MSI Express (“MSI”), backed by HCI Equity Partners, today announced the acquisition of certain operating assets of PacMoore Products, Inc. (“PacMoore” or the “Company”), a business owned by its founder, the 25 October 2021. MSI Express is a leading provider of contract packaging and manufacturing services, primarily for well-known CPG brands in the liquid and dry food industry. PacMoore represents the third add-on acquisition for MSI after HCI’s initial investment in 2018. Financial terms were not disclosed.
MSI has acquired all of PacMoore’s contract manufacturing operations located in Hammond, Indiana. PacMoore provides co-manufacturing and co-packaging services similar to MSI’s core business and is located close to the rest of MSI’s sites. Indiana facilities. The agreement adds capacity and operating capabilities for the growing needs of MSI’s customers. The wider PacMoore company is sold to another buyer who sees this transaction as non-essential to the rest of the company’s ingredients business.
“PacMoore has built a reputation for excellence within the contract manufacturing industry,” said Charles Weinberg, CEO of MSI. “We are delighted that they are joining the MSI family and look forward to continuing the legacy of Bill moore, CEO and Founder of PacMoore. “
Doug McCormick, HCI Managing Partner commented, “PacMoore provides access to new customers and channels and is aligned with our consolidation strategy of adding capacity and complementary capabilities to better serve our growing list of premier CPG clients. . We are delighted to welcome the PacMoore team to the combined organization.
Holland and Knight served as legal counsel to MSI Express. Craig-Hallum Capital Group LLC acted as financial advisor to PacMoore in connection with the transaction.
About MSI Express
MSI Express provides contract packaging and manufacturing primarily from well-known CPG brands in the liquid and dry food industry. Based at Portage, Indiana, MSI Express core capabilities include dry mix and mix, flexible pouches and pouches, liquid mix and fill, standcap bagging, canister sorting, lid, cup fill and the filling of pet food. For more information, please visit www.msiexpress.com.
About HCI Equity Partners
HCI is a lower middle market private equity firm focused on partnering with family-owned and founders distribution, manufacturing and service companies. HCI invests mainly in companies of North America in large fragmented markets. HCI is headquartered at Washington DC. For more information, please visit www.hciequity.com
Kelsey clute, Vice-President, Director of Communications, HCI
Lisa Baker, Lambert & Cie.
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SOURCE HCI Equity Partners
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