Wellspring Capital Management portfolio company ProAmpac to aquire Coating Excellence International
Wellspring Capital Management (wellspringcapital.com) announced that its portfolio company ProAmpac (proampac.com) has entered into an agreement to acquire Coating Excellence International (CEI) (coatingexcellence.com), a flexible packaging and technical products company based in Wrightstown, Wisconsin. CEI specializes in wide web extrusion coating and laminating of film, foil, paper, board and nonwovens and will enhance ProAmpac’s already robust extrusion lamination capabilities.
ProAmpac, recently formed by Wellspring through the recent merger of Prolamina Corporation and Ampac Packaging LLC, is a leading global flexible packaging company operating primarily under the Prolamina, Ampac and Tulsack brands. Together, the brands offer multiple innovative solutions in flexible packaging for the food, pet care and medical markets, along with secure packaging for the transport of cash and valuables, and retail shopping bags.