Mason Wells Acquires Schoeneck Containers, Inc.
Milwaukee WI, May 7 2020
For more information, contact: Damon Thome, Director, 414-727-6406 or Jay Radtke, Senior Managing Director, 414-727-6405
Mason Wells announced today that it has closed on the acquisition of Schoeneck Containers, Inc. The Company will be owned by Mason Wells, members of current management, and other co-investors.
SCI is a designer and manufacturer of rigid plastic packaging products for food and beverage, cleaning and disinfecting wipes, pet care, nutraceutical, and household and industrial cleaner applications. SCI’s products include blow molded containers as well as injection molded lids and closures, offering a differentiated comprehensive solution to customers. The Company’s design and development team brings innovation to customers through custom-designed products that are complemented by a robust stock product offering. SCI serves global and regional consumer packaged goods companies and contract fillers located throughout the Midwestern United States and Canada. The Company’s headquarters are located in New Berlin, Wisconsin, and the Company opened an additional manufacturing facility in Delavan, Wisconsin in 2019.
Since 1998, Mason Wells has invested in numerous Midwest-based companies in the packaging materials and converting sector supporting family ownership transitions.
“We are very excited about the opportunity to partner with Mason Wells to continue our strong growth,” said Tom Frank, President & Chief Executive Officer of SCI. “Their experience successfully building plastic packaging businesses will provide SCI with the resources necessary to support our long-term growth initiatives. The entire management team is so excited about the prospects for SCI that we have all chosen to invest in the business alongside Mason Wells.”
The employees and suppliers of SCI have played an integral role in the Company’s growth and success and will continue to do so in the future.
“Mason Wells is very pleased to support Tom Frank and the rest of the existing management team in their growth strategy,” said Damon Thome, Director at Mason Wells. “SCI is a company we have tracked and admired for a number of years as the Company fits very well with Mason Wells in terms of our industry experience and commitment to supporting businesses based in the Midwest. SCI’s management, employees, and suppliers are all critical factors that have allowed the Company to consistently exceed the expectations of its customers. We believe SCI is well positioned to continue this success through attractive industry growth trends and its leading product development capabilities and world-class manufacturing operations.”
Based in New Berlin, Wisconsin, Schoeneck Containers is a leading designer and manufacturer of plastic containers and closures for food and beverage, cleaning and disinfecting wipes, pet care, nutraceutical, and household and industrial cleaner applications. With two facilities in Southeast Wisconsin, Schoeneck has been focused on delivering superior quality and customer service to its global and regional consumer packaged goods customers for nearly 50 years. For more information, please visit the Schoeneck Containers website at www.schoeneck.com.
Mason Wells is a leading Midwest-based private equity firm with approximately $1.5 billion in assets under management across its current private equity funds. Mason Wells is currently investing out of Mason Wells Buyout Fund IV, a $615 million fund. Since Mason Wells was formed in 1998, its buyout funds have invested in four specific industry sectors: Consumer Packaged Goods, Outsourced Business Services, Engineered Products & Services, and Packaging Materials & Converting. For more information related to Mason Wells, please visit the firm’s website at www.masonwells.com.