In a move to provide Pacon Corp. with more financial resources for continued expansion, the company has entered into a partnership with Mason Wells, a Milwaukee-based private equity firm.
Under the partnership, Mason Wells will own Pacon, an Appleton- based manufacturer and supplier of paper products.
Terms of the deal were not disclosed, but Pacon said it will not impact its 450 employees, most of whom are based in four Fox Valley locations.
Pacon CEO Jim Schmitz, an investor in the new ownership group, said ownership would continue Pacon’s strategy of expanding the business through acquisitions and equipment investments.
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