Wellspring Capital Management Acquires Jen-Coat

Carl M. Stanton, a Managing Partner of Wellspring, said, "We are excited to form this new flexible packaging holding company and to launch the company with the acquisition of Jen-Coat, which is well positioned for continued growth. Harold Bevis has a track record of value creation in the packaging industry and we are delighted that he will lead our new company. We are also extremely honored to be partnered with Jim Kauffman and his executive team at Jen-Coat, as they have an outstanding Company with a unique culture and years of successful performance for their customers. Together with Harold and Jen-Coat’s experienced and successful management team, we will pursue a range of attractive growth initiatives.”