Operating Company Manufacturing

Iconex

Morristown, Tennessee, United States

Creates linerless and traditional labeling solutions and related paper receipt/variable print label solutions that meet industry needs. Serves QSR franchises, multi-unit restaurants, big box retail, warehousing, grocery, pharmacy, finance, manufacturing, logistics and other industries, enabling millions of transactions daily.

Focus Areas
Linerless / liner-free labels, Direct thermal labels, Point-of-sale (POS) paper receipts
Website
www.iconex.com

Tracked deals

5

5 tracked deals across 2017-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Addon

2 addon · 2 buyout · 1 divestiture

Iconex Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Iconex. 1 2017 1 2022 2 2023 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    M2S Group (Iconex business), Wynnchurch Capital, L.P.
    Target
    Heartland Label Printers
    Industry
    IT Services
    Type
    Addon

    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.

  • Buyer
    Iconex
    Target
    MAX International Converters, Inc., MAXStick Products Ltd., McAuliffe Paper Inc.
    Seller
    McAuliffe Paper Inc.
    Industry
    Packaging
    Type
    Buyout

    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.

  • Buyer
    Iconex
    Target
    Graphic Controls Transactional Media Point-of-Sale Rolls division
    Seller
    Graphic Controls Transactional Media (a subsidiary of Nissha Co. Ltd.)
    Industry
    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.

  • Buyer
    Iconex
    Target
    Liberty Greenleaf
    Seller
    Elm Creek Partners
    Industry
    Manufacturing
    Type
    Buyout

    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.

  • Buyer
    Iconex LLC, Atlas Holdings LLC
    Target
    RiteMade Paper Converters, Inc.
    Seller
    RiteMade Employee Stock Ownership Plan (ESOP)
    Industry
    Manufacturing
    Type
    Addon

    Iconex LLC, a portfolio company of Atlas Holdings LLC, has acquired RiteMade Paper Converters, Inc., a paper converting manufacturer headquartered in Kansas City, Kansas. Dinan Capital Advisors served as exclusive financial advisor to RiteMade, which was 100% ESOP owned and operates three manufacturing facilities in Kansas City (KS), Ashland (VA) and Reno (NV).

Related Acquisition Pages

Selling a company? Get in front of buyers like Iconex

Turn tracked acquisition activity into an outreach-ready buyer list.