Wellspring Capital Management Acquires Jen-Coat

Bevis said, "In part due to recent consolidation, the flexible packaging industry needs a new high-end competitor and we are going to create one. We will build the company through greenfield investment, capacity expansion, organic growth, continued development of innovative technologies and synergistic acquisitions. Jen-Coat is an excellent starting point for the new company, as it has strong and unique composite structure manufacturing expertise; outstanding six sigma operational performance; and excellent on-time customer service. We look forward to communicating with current and prospective customers about our considerable capabilities and future plans.”