Mason Wells Newsletter 2022 – Volume 2
September 21 2022
- L.B. White Company, LLC Acquires Rentquip USA
- Calypso Announces Significant Distribution Expansion Nationwide
- Schoeneck Containers, Inc. Announces Rebrand to Radius Packaging, Inc.
- Angela Breitbach of Radius Packaging, Inc. Wins Plastic News CFO of the Year Award
- Mason Wells Announces New Hires and New LinkedIn Site
On March 18, 2022, Mason Wells announced that L.B. White Company, LLC, a Mason Wells Buyout Fund IV, LP portfolio company, acquired Rentquip USA, a distributor of portable electric heaters for the United States market. The business will operate under the L.B. White name.
Based in Onalaska, Wisconsin, L.B. White is a manufacturer of forced-air heaters, and heating and cooling systems for the global swine, poultry, construction, and event markets.
“We are excited to add an electric heat offering to our existing heater portfolio and continue to build momentum in the construction and event end markets. Expanding our product capabilities enables us to provide more value to our customers and strategically diversifies our product set. We have considered entering the fast-growing electric heat market for some time and are excited to grow a brand new L.B. White product line,” said Kevin Gagermeier, President and Chief Executive Officer of L.B. White.
For more information, please visit the Company’s website at www.lbwhite.com.
King Juice Company, Inc., a Mason Wells Buyout Fund IV, LP portfolio company and owner of the Calypso brand of flavored lemonades and limeades, announced on July 6, 2022, that it has continued to significantly expand the retail distribution of its island-inspired lemonades and limeades. Shoppers can now find Calypso on additional shelves across the country at Walmart, Publix supermarkets, Sheetz convenience stores, H-E-B grocery stores, and Kroger supermarkets for nearly 3,000 incremental outlets.
“We are excited to announce the continued expansion of Calypso’s distribution with several leading retailers in the United States,” said David Klavsons, Chief Executive Officer of King Juice Company, Inc. “This new distribution will create availability of our Calypso brand to more consumers at a perfect time of the year as we enter the summer months so everyone can enjoy a taste of the islands.”
Calypso is the fastest growing and fastest turning shelf-stable lemonade brand in its category and holds the #2 market share position, having overtaken Lipton Brisk. Calypso beverages can be found at a wide range of retailers nationwide, including Albertsons/Safeway, Southeastern Grocers, Food Lion, Circle K, Wawa, and QuikTrip.
For more information, please visit the Company’s website at www.drinkcalypso.com.
Schoeneck Containers, Inc., a Mason Wells Buyout Fund IV, LP portfolio company and leading designer and manufacturer of rigid plastic packaging products headquartered in New Berlin, Wisconsin, announced on March 3, 2022, that it has rebranded to Radius Packaging, Inc. As part of this rebrand, the Company has also launched a new and improved website, logo, and associated materials. The rebrand comes as the Company celebrates its 50th anniversary.
Tom Frank, President and Chief Executive Officer, stated, “Over the last 50 years, we’ve continued to evolve our business to meet the needs of our customers; this is what drove our decision to expand beyond blow molded containers with capabilities and services like injection molded closures and labeling that allow us to offer complete rigid plastic packaging solutions. Our new brand, Radius Packaging, Inc., reflects what customers value most about our company: our knowledge, flexibility, and expertise in providing complete and differentiated packaging solutions that drive greater value for them and their customers.”
In 2019, the Company opened its second manufacturing facility in Delavan, Wisconsin, a state-of-the-art, highly automated, forward-thinking facility built from the ground up and designed for growth. Mr. Frank continued, “As we constructed the Delavan facility, we put our team members and customers first – considering details that emphasize efficiency, safety, quality, and innovation – while also ensuring we were well positioned for rapid expansion. Delavan represents the future of our business, and our new name further symbolizes this commitment to progress and grow with our customers.”
Mr. Frank concluded, “Our rebrand celebrates the significant milestones we’ve achieved and aligns with our vision for the future. We’re excited about this new chapter, and we will continue investing in and advancing our business to support the needs of our customers and our people.”
For more information, please visit the Company’s website at radiuspkg.com.
As Radius Packaging, Inc. continues to grow and evolve as a company, it recognizes the need to invest in talent to support this growth. Radius Packaging is proud to announce that the Company’s Chief Financial Officer, Angela Breitbach, was named the winner of the 2022 Plastics News Chief Financial Officer of the Year award.
Ms. Breitbach joined Radius Packaging in 2008 as a Staff Accountant. Through her tireless commitment to the Company over the years, she was promoted numerous times, earning the Chief Financial Officer title in the fall of 2020.
“I’m honored to accept this award and thankful to Plastics News for the recognition,” said Ms. Breitbach. “This award is a reflection of the hard work that everyone at Radius Packaging puts in on a daily basis to be the best partner we can be to our valued customers.”
“Having worked alongside Angela for almost a decade and witnessing her growth as a leader of the Company, I’m incredibly proud to see her earn this award,” said Mr. Frank. “Her impact on Radius goes beyond the finance organization and extends to all facets of the business, including operations, engineering, and sales and customer service. The discipline and insights she provides allow us to make the right decisions for the Company and our customers. I look forward to many more years working with Angela to continue growing Radius and providing our customers the service levels they’ve come to expect from us.”
For more information, please visit the Company’s website at radiuspkg.com.
Sam Hunter and Tyler Reinecke recently joined the Mason Wells team. Both were hired in 2022 as Senior Associates of the firm.
Prior to joining Mason Wells, Sam was an MBA Associate at Knox Capital in Chicago. He was responsible for the origination, analysis, and due diligence of buyout investments in the middle market. Before Knox, he was a Growth Strategist at IBM Consulting. At Mason Wells, Sam is primarily responsible for new investment analysis, financial modeling, market research, due diligence support, and the monitoring of portfolio companies. Sam received a Bachelor of Arts degree in Economics from Union College and a Master of Business Administration from The University of Chicago Booth School of Business.
Prior to joining Mason Wells, Tyler was an Investment Professional with Industrial Growth Partners, focusing on private equity investments in middle-market companies. At Mason Wells, Tyler is primarily responsible for new investment analysis, financial modeling, market research, due diligence support, and the monitoring of portfolio companies. Tyler received a Bachelor of Business Administration degree with a Distinction in Finance from the University of Wisconsin-Madison.
To learn more about the Mason Wells team or to follow Mason Wells for the latest news, please visit Mason Wells LinkedIn.