Iconex (Atlas Holdings) Acquires RiteMade Paper Converters

Iconex (M2S Group) Acquires Heartland Label Printers

August 11, 2026

IT Services

M2S Group, through its Iconex business, acquired Heartland Label Printers, a North American manufacturer of direct thermal, thermal transfer, linerless, and specialty variable information labels. The acquisition is intended to expand Iconex’s manufacturing footprint, production capabilities, and geographic reach in order to strengthen its position in the variable information label market.

M2S Group Acquires Iconex Labels Business

August 26, 2024

Packaging

M2S Group, a Wynnchurch Capital portfolio company, has acquired the label solutions business (Iconex Labels) from Iconex, an Atlas Holdings portfolio company. The add-on expands M2S Group's portfolio of high-performance variable print and eco-friendly label solutions and brings Iconex Labels' customers and coworkers into the M2S platform; terms were not disclosed.

Iconex Acquires MAX International, MAXStick Products and Key Assets from McAuliffe Paper

April 4, 2023

Packaging

Iconex acquired MAX International Converters, Inc., MAXStick Products Ltd. and key assets from McAuliffe Paper Inc., expanding its liner-free and high-performance label product portfolio. The deals (financial terms undisclosed) add MAXStick technology and McAuliffe's coating assets to Iconex's global label and receipt solutions platform to better serve retail, food service, warehousing and pharmaceutical customers.

Iconex Acquires Graphic Controls' Point-of-Sale Rolls Division

February 7, 2023

Packaging

Iconex has acquired the Point-of-Sale Rolls division from Graphic Controls Transactional Media (a subsidiary of Nissha Co. Ltd.), purchasing the division's equipment and customer base. No employees were included in the transaction; equipment will be moved to Iconex's Morristown, Tennessee facility as Iconex expands its legacy paper receipts and POS product offerings across retail, banking, kiosk, law enforcement and entertainment end markets.

Iconex Acquires Liberty Greenleaf

May 9, 2022

Manufacturing

Iconex, a leading provider of paper receipt and label solutions, acquired Liberty Greenleaf, a Phoenix-based manufacturer of point-of-sale (POS) and industrial packaging paper products. Elm Creek Partners, the private equity owner, exited the business in the sale; financial terms were not disclosed. The deal expands Iconex's paper receipt manufacturing footprint, supply security and product range across the U.S. and internationally.

Brixey & Meyer Capital Acquires Patriot Converting, Inc.

May 14, 2019

Packaging

Brixey & Meyer Capital completed the acquisition of Patriot Converting, Inc., a custom paper converting and logistics provider based in Elk River, Minnesota. Cherry Tree advised Patriot Converting on the sale, which transfers ownership from founder/owner Mike Stilwell to the Ohio-based private investment firm to expand BMC’s manufacturing and distribution platform.