Fortis Solutions Group Acquires the Print Division of MASA Corporation
Fortis Solutions Group LLC (“Fortis”), a provider of high impact printed packaging solutions and a portfolio company of funds managed by Harvest Partners, LP, announced the acquisition of the Print Division of MASA Corporation (“MASA”) based in Norfolk, Virginia, and its additional Print Division facility in Decatur, Alabama. Terms of the transaction were not disclosed.
MASA Corporation is a national, full-service provider of custom labels, contract packaging, packaging and equipment supplies serving manufacturers and distributors of food and beverage, wine and spirits, personal care and cosmetics and industrial end markets.
Fortis President and CEO John O. Wynne, Jr. said, “Having known and respected the Fraim family, who founded MASA over 55 years ago, I’m excited about the opportunity for our two companies to join forces. This acquisition enables customers to have the opportunity to choose from our increased range and variety of offerings and solutions. We welcome MASA’s talented employees to Fortis.”
MASA President and CEO Thomas E. Fraim, Jr. commented, “Joining the Fortis team is an important milestone that will undoubtedly bring significant value to MASA’s regional and national clients. MASA and Fortis have long been friendly competitors, so it is very special to see that relationship evolve into an alliance. We look forward to being part of the Fortis team and would like to thank our employees, clients and business partners for making all of this possible.”
Employing over 1,300 employees across twenty-one manufacturing sites, Fortis intends to continue its pursuit of attractive acquisitions to further the breadth of product offerings and locations which can better serve its customer base.
Source: Fortis Solutions Group
The preceding press release was provided by a company unaffiliated with Packaging Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of Packaging Impressions.
