ProAmpac Completes Acquisition of CEI
ProAmpac has completed its previously announced acquisition of Coating Excellence International (CEI). 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. Financial terms were not disclosed.
ProAmpac, formed by Wellspring Capital Management LLC 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.
Greg Tucker, CEO of ProAmpac, says, "Only a few months following the formation of ProAmpac, we are already experiencing tremendous synergies. The addition of CEI's talented employees, machine expertise and capabilities, will secure ProAmpac's market leadership position and strengthen our ability to deliver valuable products and services for our customers."
(513) 671-1777; www.proampac.com
(800) 765-9283; www.coatingexcellence.com