M&Q Holdings, LLC Acquires Flavorseal, LLC

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Effective February 8, 2018, M&Q Holdings LLC, through its wholly owned subsidiary M&Q Acquisition LLC, has acquired Flavorseal LLC of Avon, Ohio. M&Q Holdings is an investment portfolio company of Capital Partners (www.capitalpartners.com), specializing in low-leverage financing of unique, growth-oriented companies.

M&Q Holdings was attracted to Flavorseal’s culture of innovation, creativity, and its knowledgeable, customer-focused workforce. In addition to Flavorseal’s flexible packaging, netting, packaging equipment and consumables products, M&Q is especially excited by Flavorseal’s Seasoning Transfer Technology, which incorporates seasonings and bold flavors into various forms of flexible packaging for its food processing customers.

Michael Schmal, President and CEO of M&Q Holdings stated, “We truly believe that Flavorseal’s Seasoning Transfer Technology will revolutionize the way packaging is utilized in the protein and food industries. Instead of just protecting and extending shelf life of food products, Seasoning Transfer Technology allows the packaging to become an integral part of the product itself, by enhancing the appearance, quality, taste and aroma to food. We think this technology has the potential to dramatically change the food processing industry, and we are fortunate that Chris and Colleen Carroll, who are the owners and founders of Flavorseal, chose M&Q to be their partner to accelerate this transformation.”

Chris Carroll, President and CEO of Flavorseal, agreed, “I’m extremely proud of Flavorseal’s long history of developing cutting-edge packaging products like Seasoning Transfer Technology. Working with M&Q will provide Flavorseal an exciting opportunity to continue expanding our innovative product pipeline that customers have come to expect and value.”

M&Q will continue to operate the business as Flavorseal LLC, a Division of M&Q Holdings LLC, retaining its operations in Avon, Ohio. Chris Carroll will remain as President and CEO of Flavorseal. Customer and supplier interactions with Flavorseal will remain unchanged.

By combining Flavorseal with M&Q Holding’s other companies, notably M&Q Packaging LLC, and the Outlook Group LLC, the company plans to become a one-stop shop for food packaging companies by offering Seasoning Transfer Technology, films and flexible packaging, netting products, carton board products, labels, disposables, packaging equipment and value-added services. To learn more about Flavorseal, please visit www.flavorseal.com.

Flavorseal was advised by Rothschild & Co and Calfee, Halter & Griswold LLP.

About M&Q Holdings:

M&Q Holdings consists of M&Q Packaging and the Outlook Group. M&Q Packaging manufactures specialty high-temperature, ovenable packaging used in food service, food processing, medical and industrial markets. M&Q Packaging has a manufacturing plant in Schuylkill Haven, Pennsylvania and administrative offices in Limerick, Pennsylvania. The Outlook Group Printing and Packaging is a leading provider of customer packaging solutions, primarily serving the food and consumer products end markets. Outlook focuses on printing and converting flexible packaging, labels, folding cartons, and conducting value-added assembly and packaging operations. The Outlook Group has two manufacturing facilities, both located in Neenah, Wisconsin. To learn more about M&Q Holdings please consult these web sites: www.mqplastics.com, www.PanSaver.com, www.outlookgroup.com.

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Business Wire: 22:19 GMT Tuesday 13th February 2018

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