Wellspring merges Prolamina and Ampac to form joint flexible packaging entity


New York City-based private equity firm Wellspring Capital Management has added Ampac Holdings to its portfolio and will merge it with its other flexible packaging company Prolamina Corp., which was acquired five years ago. The joint company will be headquartered in Cincinnati, OH, and have a global footprint of 16 manufacturing sites in North America, Europe and Asia. Financial terms were not disclosed.

Ampac's range of adhesive lamination, rotogravure printing capabilities and innovative packaging solutions is a likely fit for Prolamina's cost advantageous extrusion lamination and flexographic printing technology.

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