ProAmpac has entered into an agreement to acquire Coating Excellence International (CEI), a flexible packaging and technical products company based in Wrightstown, Wisconsin.
ProAmpac, recently formed through the merger of Prolamina and Ampac, is a global flexible packaging company operating primarily under the Prolamina, Ampac and Tulsack brands. Together, the brands offer multiple flexible packaging products for the food, pet care and medical markets, along with secure packaging for the transport of cash and valuables, and retail shopping bags. CEI specializes in wide web extrusion coating and laminating of film, foil, paper, board and nonwovens, and will enhance ProAmpac’s existing extrusion lamination capabilities.
ProAmpac CEO Greg Tucker said: ‘CEI is a great company known for innovation, service and quality. These are also the core principles of ProAmpac’s business, making the acquisition of CEI a natural step in ProAmpac’s overall growth strategy. We are pleased that the addition of CEI will strengthen our ability to deliver valuable products and services for our customers.’
John Morningstar, a managing partner of Wellspring Capital Management, the owner of ProAmpac, and who leads the firm’s activities in the packaging sector, said: ‘We are very pleased by the successful combination of Prolamina and Ampac, The leading flexible packaging company we created, ProAmpac, is ideally positioned for success and we are delighted to support the acquisition of CEI and other attractive growth initiatives the company will pursue in the future.’
Rita Cox, president and CEO of CEI, concluded: ‘CEI’s highly engaged team, manufacturing expertise and market diversity will add to ProAmpac’s extrusion competencies and existing customer base. This acquisition will create value and opportunity for partners of both organizations.’
Escrito para la revista: Labels and Labeling Magazine
8 de Dic. 2015
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