Mason Wells Announces Sale of Coating Excellence International
Milwaukee WI, January 6 2016
Mason Wells announced today its recent sale of Coating Excellence International, LLC (CEI) to ProAmpac, a portfolio company of Wellspring Capital Management of New York.
CEI is a flexible packaging converter and specializes in wide web printing, extrusion coating and laminating of film, foil, paper, and nonwovens. It has been a portfolio company of Mason Wells Buyout Fund II since 2008. During that time, the company grew considerably. ProAmpac, recently formed by Wellspring through the merger of Prolamina Corporation and Ampac Packaging LLC, is a leading global flexible packaging company operating primarily under the Prolamina, Ampac, and Tulsack brands.
Tom Smith, executive managing director of Mason Wells said, “CEI is an outstanding company led by an exceptionally talented management team. We have thoroughly enjoyed working with every member of the organization over the last eight years as the business achieved significant profitable growth. We are extremely pleased to have the business become a part of the ProAmpac organization which we expect will allow the company to continue to excel at providing its customers with innovative and exceptional products and service.”
CEI is a market-leading flexible packaging and technical products company specializing in wide web printing, extrusion coating and laminating of film, foil, paper, and nonwovens. CEI features EB coating and laminating, wide web flexographic presses with award-winning 10 color printing with registered backside print capabilities, and offset printing up to four colors. For more information, please visit CEI’s website at www.coatingexcellence.com.
Mason Wells is a leading Midwest-based private equity firm with approximately $1 billion in assets under management across its current private equity funds. Since Mason Wells was formed in 1998, its buyout funds have invested in four specific industry sectors: Outsourced Business Services, Consumer Packaged Goods, Engineered Products & Services, and Packaging Materials & Converting. For more information related to Mason Wells, please visit the firm’s website at www.masonwells.com.