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Packaging Firm ProAmpac Closes Acquisition of Coating Excellence International.

MANews-(C)2009-2016

4 January 2016 - US-based private equity firm Wellspring Capital Management's portfolio company ProAmpac has closed its acquisition of Coating Excellence International, a flexible packaging and technical products company based in Wrightstown, Wisconsin, the firm said.

Terms of the deal were not disclosed.

CEI specialises 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 Corp. and Ampac Packaging LLC, is a global flexible packaging company operating primarily under the Prolamina, Ampac and Tulsack brands.

Together, the brands offer 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.

ProAmpac is a global packaging company with over 2,000 employees and 16 manufacturing centers in North America, Europe and Asia.

CEI is a flexible packaging and technical products company specialising in wide web extrusion coating and laminating of film, foil, paper, board and nonwovens.

Country: USA

Sector: Paper/Packaging/Office Supplies

Target: Coating Excellence International

Buyer: ProAmpac

Vendor:

Deal size in USD:

Type: LBO

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Jan 4, 2016
Words:210
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