Bertram Capital has announced its acquisition of Maxcess International Holding Corporation, a leading global provider of guiding, winding, slitting and tension control systems for web fed converting applications. Headquartered in Oklahoma City, Okla., Maxcess marks Bertram’s fifth transaction in the plastic processing industry and second investment in the web handling equipment industry following the 2012 acquisition of Webex, Inc.
“Maxcess has established a world class brand and distinguished itself as a technology leader in the converting industry for a wide range of applications including paper, film, flexible packaging, non-wovens and metals,” said Kevin Yamashita, a Partner at Bertram Capital. “The union between Maxcess and Webex creates a company that is uniquely positioned for growth and unmatched in its combined product portfolios, design capabilities, manufacturing expertise and long standing customer relationships.”
Greg Jehlik, CEO of Maxcess, commented, “We are thrilled to partner with Webex and Bertram Capital to achieve our shared vision of accelerating the growth of Maxcess’ innovative technologies. This combination will further enhance our ability to fulfill our global strategy of providing a breadth of products and solutions which solve our customers’ entire web handling application needs.”
Gary Edwards, CEO of Webex added, “Putting these two organizations together immediately provides our customers with a broader product portfolio, expanded application expertise and access to an expanded global sales and service network. The combination of Maxcess’ global distribution and Webex’s differentiated technology will enable us to capture multiple new opportunities within existing and emerging markets. Bertram Capital has provided the support and resources necessary for us to quickly build an industry leading business.”
The merged entity will be led by a management team comprised of leaders from both companies. In the merged entity Gary Edwards will assume the position of Chairman; Greg Jehlik, CEO; Dave Hawkins, CFO; and Doug Knudtson, COO.