67e44a5858d0a07f192a2397 Shutterstock 1735421441

Co-man MSI Express Changes Private-Equity Ownership Hands

March 26, 2025

Boston-based Nonantum Capital Partners acquires the contract manufacturer and packaging partners from HCi Equity Partners.

Andy Hanacek

Co-manufacturer and packaging company MSI Express has been sold from HCI Equity Partners to Nonantum Capital Partners, effective March 24, 2025, according to a release from HCI.

MSI was founded in 2008 and has capabilities for dry foods blending and packaging, liquid packaging and bottle filling, dry pet food packaging, secondary packaging, and vitamins and supplements capabilities, according to its web site.

MSI has 15 locations in six states and is reportedly one of the largest food co-mans in the U.S. According to HCI’s announcement, its national production footprint has grown from 450,000 sq. ft. when it was acquired by HCI six years ago to more than 2.5 million sq. ft. today. The co-man also completed three strategic bolt-on acquisitions in that time and created topline growth in excess of 10x, the release noted.

About the Author

Andy Hanacek | Senior Editor

Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.