US private equity firm Wellspring Capital Management announces the creation of a flexible packaging company through the merger of Prolamina Corporation and newly acquired Ampac Holdings.
Financial terms were not disclosed.
The combined company, which will be headquartered in Cincinnati, Ohio, US, will include Ampac’s range of adhesive lamination, rotogravure printing capabilities and packaging solutions, as well as Prolamina’s extrusion lamination and flexographic printing technology.
“I’m honored to lead a company with over 2,000 dedicated team members and 16 facilities worldwide with exceptional manufacturing scale to meet the growing needs of our valued customers,” said Greg Tucker, CEO of both Prolamina and the new company.
