Packaging Buyers & Acquisitions in Minnesota

Tracked deals

11

11 tracked deals across 2019-2025.

Buyer mix

Mixed buyer set

9 pe · 6 strategic

Top trend

Volume peaked in 2022

3 tracked deals announced in 2022.

Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

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Buyer # Deals Focus Type
Arsenal Capital Partners 1 Middle‑market private equity firm focused on specialty in... PE
Barings 1 Global asset manager providing private finance, debt solu... PE
Brixey & Meyer Capital 1 Lower-middle-market private investment firm focused on im... PE
Cornell Capital LLC 1 Private investment firm (~$6B AUM) investing across consu... PE
Crestview Partners 1 Middle-market private equity firm focused on industrials,... PE
ID Technology 1 ProMach’s labeling and coding brand providing labeling eq... Strategic (PE-backed)
Mauser Packaging Solutions 1 Global supplier of rigid packaging products and services ... Strategic (PE-backed)
Members of Smyth's founding family 1 Founding-family investors participating as co-investors a... Family Office
Mill City Capital 1 Lower-middle market private equity firm focused on invest... PE
Mill Rock Capital 1 Growth and operations‑oriented private investment firm th... PE

Acquisition Volume in Packaging in Minnesota by Year

Last 6 years

Acquisition volume by year Annual acquisition counts for the last 6 years for Packaging Buyers & Acquisitions in Minnesota. 1 2019 3 2020 3 2022 1 2023 2 2024 1 2025

Supporting Data

Recent Transactions

  • Crestview Partners Acquires Smyth Companies
    March 7, 2025
    Buyer
    Crestview Partners, Members of Smyth's founding family, Smyth management team
    Target
    Smyth Companies
    Seller
    Novacap
    Industry
    Packaging
    Location
    Minnesota, United States
    Type
    Buyout

    Crestview Partners has completed the acquisition of Smyth Companies, a leading provider of pressure sensitive labels, shrink sleeves, in-mold labels and flexible packaging, from Novacap. Crestview is investing alongside members of Smyth's founding family and the company's management team and plans to allocate additional equity to support organic investments and M&A as Smyth pursues tuck-in and transformational acquisitions.

  • Mill City Capital Recapitalizes Diversified Packaging with Investment from Barings
    July 22, 2024
    Buyer
    Mill City Capital, Barings
    Target
    Diversified Packaging Holdings, LLC
    Industry
    Packaging
    Location
    Minnesota, United States
    Type
    Recapitalization

    Mill City Capital completed a recapitalization of Diversified Packaging Holdings, LLC, a Blaine, Minnesota-based provider of pre-press products and flexographic plates. Barings provided second-lien debt and an equity co-investment to support the transaction and fund Diversified Packaging's growth initiatives.

  • Mauser Packaging Solutions Acquires Consolidated Container Company, LLC
    February 2, 2024
    Buyer
    Mauser Packaging Solutions
    Target
    Consolidated Container Company, LLC
    Seller
    Consolidated Container Company, LLC
    Industry
    Packaging
    Location
    Minnesota, United States
    Type
    Addon

    Mauser Packaging Solutions, an affiliate of Stone Canyon Industries LLC, has acquired substantially all assets of Consolidated Container Company, LLC, a manufacturer, reconditioner and distributor of industrial containers with facilities in Minneapolis, Minnesota and Kansas City, Kansas. The transaction, funded with $56 million in cash from Mauser's balance sheet, expands Mauser’s reconditioning and recycling capabilities and geographic footprint and is expected to be margin accretive before synergies.

  • ProMach (ID Technology) Acquires Lofton Label & Packaging
    October 4, 2023
    Buyer
    ProMach, ID Technology
    Target
    Lofton Label & Packaging
    Industry
    Packaging
    Location
    Minnesota, United States
    Type
    Buyout

    ProMach, via its ID Technology labeling & coding business line, has acquired Lofton Label & Packaging, a Minneapolis–Saint Paul-area producer of labels and printed flexible packaging. The acquisition expands ProMach's label converting and flexible packaging capabilities and adds Lofton's Inver Grove Heights production site and a team of over 70 employees to ProMach's Labeling & Coding portfolio.

  • Mill Rock Packaging (Mill Rock Capital) Acquires Impressions Incorporated
    July 18, 2022
    Buyer
    Mill Rock Packaging Partners LLC, Mill Rock Capital
    Target
    Impressions Incorporated
    Industry
    Packaging
    Location
    Minnesota, United States
    Type
    Addon

    Mill Rock Packaging Partners LLC, a portfolio company of Mill Rock Capital, has acquired Impressions Incorporated, a specialty paperboard packaging and commercial printing business based in St. Paul, Minnesota. The acquisition expands Mill Rock Packaging's national footprint into the Midwest and adds Impressions' folding-carton, lithographic printing and value-added engineering capabilities to the combined platform; financial terms were not disclosed.

  • Cornell Capital Acquires Advantek from Tinicum
    June 23, 2022
    Buyer
    Cornell Capital LLC
    Target
    Advantek, LLC
    Seller
    Tinicum, L.P. and affiliated funds managed by Tinicum Incorporated
    Industry
    Packaging
    Location
    Minnesota, United States
    Type
    Buyout

    Cornell Capital has entered into an agreement to acquire Advantek, a global manufacturer of precision carrier tape and protective packaging for electronic and semiconductor components, from Tinicum-managed funds, with Tinicum retaining a minority stake. Cornell will partner with Advantek's management to accelerate growth through product innovation, capacity and geographic expansion, and M&A; terms were not disclosed.

  • Spell Capital Partners Acquires Diamond Graphics
    January 10, 2022
    Buyer
    Spell Capital Partners
    Target
    Diamond Graphics
    Industry
    Packaging
    Location
    Minnesota, United States
    Type
    Buyout

    Spell Capital Partners, a Minneapolis-based private equity firm, has acquired Diamond Graphics, a Ramsey, Minnesota-based gift card and plastic card manufacturer. Spell Capital said it will partner with Diamond's management and employees to grow the business and pursue further investment opportunities.

  • Morgan Stanley Capital Partners Invests in AWT Labels & Packaging
    December 18, 2020
    Buyer
    Morgan Stanley Capital Partners
    Target
    AWT Labels & Packaging (Advanced Web Technologies Holding Company / Citation Healthcare Labels)
    Seller
    Mason Wells
    Industry
    Packaging
    Location
    Minnesota, United States
    Type
    Buyout

    Investment funds managed by Morgan Stanley Capital Partners completed an investment in Advanced Web Technologies Holding Company (AWT Labels & Packaging/Citation Healthcare Labels) from Mason Wells. AWT, headquartered in Minneapolis with ~300 employees and three U.S. facilities, is a manufacturer of labels and flexible packaging serving healthcare, food & beverage, personal care and industrial end markets; MSCP intends to support organic growth, capability and geographic expansion, and acquisitions.

  • Revolution Acquires Polar Plastics from Spell Capital Partners
    October 23, 2020
    Buyer
    Revolution, Arsenal Capital Partners
    Target
    Polar Plastics Corporation
    Seller
    Spell Capital Partners
    Industry
    Packaging
    Location
    Minnesota, United States
    Type
    Addon

    Revolution, a Little Rock-based manufacturer of sustainable plastic solutions, acquired Polar Plastics Corporation from Spell Capital Partners to expand its production footprint and deepen penetration into packaging, agriculture and retail end markets. Polar Plastics is headquartered in St. Paul, Minnesota and operates a 100,000-square-foot polyethylene film and bag manufacturing facility; Spell Capital had owned the business since 2018.

  • TricorBraun Acquires Packaging Solutions, Inc.
    January 7, 2020
    Buyer
    TricorBraun
    Target
    Packaging Solutions, Inc.
    Industry
    Packaging
    Location
    Minnesota, United States
    Type
    Addon

    TricorBraun has acquired Minneapolis-based Packaging Solutions, Inc. (PSI), a rigid packaging distributor and custom designer serving pharmaceutical, pet food and personal care markets. The acquisition strengthens TricorBraun’s Minneapolis presence (adding warehouse capacity) and integrates PSI into the TricorBraun platform; PSI’s owners and team will remain and the Packaging Solutions name has been retired. Terms were not disclosed.

  • Brixey & Meyer Capital Acquires Patriot Converting, Inc.
    May 14, 2019
    Buyer
    Brixey & Meyer Capital
    Target
    Patriot Converting, Inc.
    Seller
    Mike Stilwell (owner / selling family)
    Industry
    Packaging
    Location
    Minnesota, United States
    Type
    Buyout

    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.

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