PORTAGE, Ind. (Inside INdiana Business) — Portage-based MSI Express, a contract packager of CPG (consumer packaged goods), has acquired the operating assets of PacMoore Products Inc., which operates a similar business in Hammond.
MSI acquired all of PacMoore’s contract manufacturing operations, giving it additional capacity and capabilities in the food manufacturing and packaging space. Financial terms of the deal were not disclosed, but it was backed by private equity firm HCI Equity Partners.
“PacMoore provides access to new customers and channels and is consistent with our consolidation strategy of adding capacity and complementary capabilities to better serve our growing roster of blue-chip CPG customers. We are excited to welcome the PacMoore team to the combined organization,” said Doug McCormick, HCI’s managing partner.
Last month, PacMoore sold its process technologies plant in Mooresville and its research and development extrusion facility in Illinois to Wisconsin-based Glanbia Nutritionals.
“Glanbia’s additional expertise, resources, people, and financials will not only maintain PacMoore’s current trajectory, but expedite it, allowing our growth to happen significantly faster and more efficiently in the spaces we’ve mastered over the last 3 decades,” PacMoore founder Bill Moore said on the company website.
Moore said between Glanbia’s 17 global manufacturing sites and MSI’s 13 U.S. production facilities, current PacMoore employees will have additional opportunities.