Boxwood Partners Facilitates Sale of MASA Corporation’s Print Division to Fortis Solutions Group

JUPITER, FL—Boxwood Partners, a prominent M&A advisory firm, announced their role in the sale of MASA Corporation's Print Division to Fortis Solutions Group LLC. This transaction signifies a major move in the label and packaging industry, where MASA Corporation has established a strong presence over the years.

Thomas E. Fraim, Jr., President of MASA, appreciated Boxwood for their expertise, highlighting the sale as a pivotal moment for MASA’s future in the industry. The acquisition involves MASA's facilities in Norfolk, VA, and Decatur, AL, aligning with Fortis’ goal to expand its packaging solution offerings.

John O. Wynne, Jr., CEO of Fortis, expressed enthusiasm about incorporating MASA’s capabilities with Fortis' existing services to enhance their product and service delivery to customers. Robbie Nickle of Boxwood described the deal as crucial for leveraging strategic partnerships in the evolving packaging market, suggesting potential synergies that could foster growth for both entities.

The financial terms of the transaction were not disclosed. MASA had advisory support from accounting firm Marcum LLP and legal aides Williams Mullen during the deal.