MSI Express, a US-based food and beverage co-manufacturer, has been acquired by Nonantum Capital Partners from HCI Equity Partners (HCI).
The financial details of the deal has not been disclosed.
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In a statement, HCI described MSI Express as “one of the largest food co-manufacturers” in the US, offering contract manufacturing and packaging services to “leading” food and beverage brands.
Nonantum managing partner Jon Biotti, in a separate statement, said MSI Express is “laser-focused on engineering expertise and client service”, while offering a “deep knowledge of the food and beverage sector”.
With a “strong track record”, the company has a “bright future” Biotti added. Just Food has approached Nonantum for further comment.
Headquartered in Portage in Indiana, MSI Express operates 15 locations across six US states.
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By GlobalDataMSI Express provides a range of services, including dry foods blending and packaging, as well as liquid packaging and bottle filling.
It also packages dry pet food and produces vitamins and supplements.
The company was formed through the merger of Express Packaging, established in 1988, and Manufacturing Solutions International, founded in 2008.
MSI co-founder and CEO Charles Weinberg said: “We are proud to have grown our business by strategically partnering with the nation’s leading brands, and we are excited to have the Nonantum team’s support in scaling our business as we continue to grow alongside our customers.”
In 2020, MSI Express acquired Power Packaging, adding four production facilities across Illinois, Wisconsin, and Texas.
The acquisition introduced aseptic beverage filling, stick packaging and filling for jars, cans and bag-in-box containers.
It also expanded the group into new food categories such as powdered beverages, soups and baking mixes.
The following year, MSI Express acquired PacMoore’s contract manufacturing operations in Hammond, Indiana, further enhancing its capacity and operational capabilities to meet growing customer demand.
