M2S Group acquires Iconex's labeling solutions business

M2S Group expands capabilities in materials science and solutions sector through Iconex’ best-in-class, high-performance labeling products

APPLETON, Wis. & DULUTH, Ga.-M2S Group, a portfolio company of Wynnchurch Capital LP, and Iconex LLC (“Iconex”), a portfolio company of Atlas Holdings (“Atlas”), jointly announced today that M2S Group has acquired Iconex’s labeling solutions business (“Iconex Labels”). Iconex Labels is now part of the M2S Group platform, an industry leader in materials science and solutions.

Paul Charapata will lead the combined business, and Craig Gunckel, CEO of Iconex, has been appointed to the board of M2S Group. Iconex’s receipt solutions division will remain an independent company owned by Atlas. Craig Gunckel will continue to lead the receipt solutions division as CEO. Terms of the transaction were not disclosed.

Atlas founded Iconex in 2016 to acquire the interactive printing solutions division of NCR Corporation. Headquartered in Duluth, Georgia, Iconex is the premier provider of innovative solutions that power commerce around the world. M2S Group, headquartered in Appleton, Wisconsin, is a leading materials science and solutions company providing high-performance products across multiple industries. Iconex is the fourth division of M2S Group, joining Appvion, Nekoosa and Decorative Films.

“The combination of Iconex with M2S Group provides additional high-performance variable print label solutions to our customers and expands our proven technology portfolio,” said Paul Charapata, CEO of M2S. “This transaction fully aligns with our long-term growth and diversification goals. We are delighted to welcome Iconex’s colleagues and customers to M2S Group and look forward to continued success.”

“Working with the Iconex management team, we have transformed the company’s fledgling labeling operations into one of the largest and most respected label manufacturers in North America. Under the leadership of Craig Gunckel, CEO, and Ira Genser, CFO, Iconex has led the labeling solutions market through innovative product development, superior operational performance, best-in-class customer service and the seamless integration of several acquisitions,” said Michael Sher, Partner at Atlas Holdings. “Atlas looks forward to continued success with M2S from the Iconex Labels team,” added Sher.

“The addition of Iconex Labels to the M2S Group is an attractive opportunity to combine complementary businesses. Iconex Labels has grown significantly through its dedication to customers, focus on innovation and commitment to our colleagues. I am very proud of everything Iconex has achieved to date and am delighted to support Paul as the labels business continues to flourish as part of the M2S Group,” said Craig Gunckel, CEO of Iconex. “I would especially like to thank all of our employees for their hard work and dedication, which has made Iconex the market leader it is today.”

About M2S Group

M2S Group is a leading materials science and solutions company that delivers high-performance products across multiple industries through its three business units: Appvion, Nekoosa and Decorative Films. M2S Group is comprised of over 700 team members and operates in the application tapes, carbonless films, architectural window films, direct thermal paper and films, extruded films and specialty print media industries. For more information, please visit m2sgroup.com .

About Iconex

Iconex is the world’s leading provider of low-cost, highly specialized variable print paper receipt and label solutions that transform business processes to drive profitability, productivity, customer satisfaction and sustainability. Iconex has a history of innovation that dates back to 1887 and began with the invention of the paper receipt, which revolutionized commerce. That spirit of innovation continues with the introduction of Iconex Sticky Media™, Sticky Media G2 and other patented innovations trusted by some of the world’s largest food and beverage, retail, quick service restaurant, grocery, pharmaceutical, manufacturing, distribution and logistics companies to streamline operations, resulting in improved customer experience. For more information, visit iconex.com .

The original-language text of this announcement is the official and authoritative version. This translation is intended as an aid only and should be cross-referenced with the original-language text, which is the only version of the text intended to have legal validity.