The business will be renamed NEX Performance Films Inc., and will be
owned by Mason Wells, current management and other co-investors. The
transaction is expected to close in July.
NEX will remain an independent manufacturer of custom specialty
polyethylene blown films for the flexible packaging industry and will
not be affiliated with any other converting operations within Mason
“Mason Wells is pleased to be partnering with NEX’s management team to
support the company’s growth initiatives,” said Greg Myers, Managing
Director of Mason Wells.
“Mason Wells shares our vision of becoming the leading independent
supplier of blown polyethylene film to converters, and they are
prepared to immediately invest in our film business,” said Kathy
Bolhous, the existing leader of the business who will become President
and CEO of NEX Performance Films.