Deal Details

Iconex Labels Is Acquired by M2S Group

Industrial

Iconex, a portfolio company of Atlas, sale of Iconex Labels to M2S Group, a portfolio company of Wynnchurch

Summary

Iconex, LLC (“Iconex”), a portfolio company of Atlas Holdings (“Atlas”), has sold Iconex Labels (the “Company”) to M2S Group Holdings, Inc. (“M2S Group”), a portfolio company of Wynnchurch Capital L.P. (“Wynnchurch”). Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to Iconex on this transaction.

About

Iconex Labels is a market-leading, transatlantic provider of innovative, variable information label solutions which enhance transaction recording, ensure order accuracy and improve operational efficiency. The Company provides labeling solutions to many of the world’s most notable brands across the foodservice, eCommerce & shipping, grocery & retail and pharmacy end markets. Iconex Labels is headquartered in Duluth, Georgia.

Iconex is the world’s leading low-cost provider of paper receipt and highly differentiated variable print label solutions that transform business processes to drive profitability, productivity, customer satisfaction and sustainability. A tradition of innovation dating back to 1887 is woven into the fabric of Iconex’s identity beginning with the firm’s invention of the paper receipt, which revolutionized business transactions. That spirit of innovation continues with the introduction of Iconex Sticky Media™, Sticky Media G2 and other patented innovations that are relied on by several of the world’s largest companies in diverse end markets to streamline operations, leading to an improved customer experience. Iconex is headquartered in Duluth, Georgia. The receipt solutions division of Iconex will operate as an independent business owned by Atlas. Craig Gunckel will continue to lead this business as Chief Executive Officer.

Atlas and its affiliates own and operate 26 companies, which employ more than 50,000 associates across 300 facilities worldwide. Atlas operates in sectors such as automotive, building materials, capital equipment, construction services, food manufacturing and distribution, metals processing, packaging, paper, power generation, printing, pulp, supply chain management and wood products. Atlas’ companies together generate approximately $16 billion in revenues annually. Atlas was founded in 2002 and is headquartered in Greenwich, Connecticut.

M2S Group is a leading material science and solutions company providing high-performance products in multiple industries through its three business units: Appvion, Nekoosa and Decorative Films. M2S Group consists of over 700 team members and serves customers across eCommerce & shipping, grocery / retail, medical / pharmacy, gaming and transportation industries. M2S Group is headquartered in Appleton, Wisconsin.

Wynnchurch was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with $9.2 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. Wynnchurch is headquartered in the Chicago suburb of Rosemont, Illinois, with an affiliate in Canada.

Industrial

Iconex, a portfolio company of Atlas, sale of Iconex Labels to M2S Group, a portfolio company of Wynnchurch