MSI Express (MSI), backed by HCI Equity Partners, has acquired select operating assets from PacMoore Products, Inc (PacMoore or the Company), a founder-owned business, on 25 October, 2021.
MSI Express is a provider of contract packaging and contract manufacturing services, primarily for well-known CPG brands in the liquid and dry food space. PacMoore represents the third add-on acquisition for MSI following HCI’s initial investment in 2018. Financial terms were not disclosed.
MSI acquired all of PacMoore’s contract manufacturing operations located in Hammond, Indiana. PacMoore provides co-manufacturing and co-packaging services similar to MSI’s core business and is located near the rest of MSI’s Indiana facilities. The deal adds capacity and operating capabilities for MSI’s rapidly growing customer needs. The broader PacMoore company is being sold to another buyer who views this operation as non-core to the rest of the Company’s ingredients business.
“PacMoore has built a reputation for excellence within the contract manufacturing industry,” says Charles Weinberg, CEO of MSI. “We are delighted they are joining the MSI family and look forward to building on the legacy of Bill Moore, the CEO and Founder of PacMoore.”
Doug McCormick, HCI’s Managing Partner, comments: “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 organisation.”
