Heartwood Partners has announced that Heartwood Partners II, LP (“Fund II”) and affiliated entities sold their investment in M&Q Packaging (“M&Q Packaging,” or the “Company”) to ShoreView Industries. This sale, in combination with the previously announced sale of Outlook Group, completes Heartwood Partners’ investment in M&Q Holdings (“M&Q”).
M&Q Packaging designs and manufactures proprietary high-temperature resistant thermoplastic nylon, polyester, and polyamide packaging solutions for the protein, foodservice and specialty markets. The Company’s innovative film and flexible packaging solutions ensure customers’ products are optimized for performance, cost-efficiency, and quality.
Under Heartwood Partners’ ownership, M&Q Packaging strengthened its management team with key strategic hires and made significant investments in proprietary manufacturing equipment and technology to expand capacity, streamline operations, and drive product innovation and quality. Additionally, the Company completed the acquisitions of FlavorSeal, which added proprietary spice transfer capabilities, and Zoop, which enhanced manufacturing capabilities and accelerated growth in the foodservice market.
M&Q’s CEO, John Wurzburger, commented “Heartwood Partners’ commitment to investing in quality people, systems, and operations has been instrumental in advancing M&Q’s leadership in packaging solutions across our markets. Their collaborative approach and lower-leverage model created a strong foundation for exceptional customer service and sustainable long-term growth. We’re excited to build on that momentum in our next chapter of ownership.”
Mark Allsteadt, Co-Founder at Heartwood Partners stated: “This successful exit reflects the hard work and strategic vision shared by both our team and the Company’s leadership. We’re proud to have partnered with such a talented group, and we look forward to seeing the Company continue to thrive.”
