The company will be owned by Mason Wells, members of the Codo family, and other board members and co-investors.
Accord was founded in 1940 by Abraham Codo, the grandfather to third-generation brothers, Robert and Bill Codo, who have been leading the business for nearly 30 years. Accord designs and manufactures custom folding cartons for private label and branded consumer goods, primarily focused on food and beverage end markets. Accord serves global and regional consumer packaged goods companies throughout North America. The company’s headquarters and operations are located in Alsip, IL.
Since 1998, Mason Wells has invested in numerous Midwest-based companies in the packaging materials and converting sector supporting family ownership transitions.
“We are excited about the opportunity to partner with Mason Wells and continue the Company’s growth,” said Robert Codo. “Their experience successfully building packaging businesses will provide Accord the resources to support its long-term growth initiatives. We look forward to building upon Accord’s world-class capabilities to continue providing top-notch service to existing and new customers.”
“Accord is a special company with a customer-centric culture that’s unmatched in its industry,” said Damon Thome, Director, Mason Wells. “Accord’s management, employees, and suppliers are all critical factors that have allowed the Company to consistently exceed the expectations of its customers. We believe Accord is well positioned to continue this success through attractive sector growth trends, a unique market position, and well-invested manufacturing operations.”