Wellspring Capital Management forms flexible packaging company
Wellspring Capital Management LLC, a New York-based private equity firm, has created a flexible packaging company through the merger of portfolio companies Prolamina Corp. and newly acquired Ampac Holdings, LLC. Financial terms were not disclosed.
The combined company, which will be based in Cincinnati, will have a strategic geographical footprint and enhanced product offering, according to Wellspring Capital. Ampac’s range of adhesive lamination, rotogravure printing capabilities and innovative packaging solutions is complementary to Prolamina’s cost advantageous extrusion lamination and flexographic printing technology.