Sale to ProAmpac Intermediate Inc.

Sale to ProAmpac Intermediate Inc.


Baird served as exclusive financial advisor to Coating Excellence International on this transaction.


Coating Excellence International (“CEI” or the “Company”), a former portfolio company of Mason Wells, was recently acquired by ProAmpac Intermediate Inc. (“ProAmpac”), a portfolio company of Wellspring Capital Management. Terms of the transaction were not disclosed.

CEI is a market leading flexible packaging and technical products company specializing in wide web extrusion coating and laminating of film, foil, paper, board and nonwovens. CEI features EB coating and laminating, wide web flexographic presses with 10-color printing with registered backside print capabilities, and offset printing up to four colors. The Company operates two facilities in Wisconsin with approximately 500 employees. CEI is based in Wrightstown, Wisconsin.

Mason Wells is a leading Midwest-based private equity firm that is currently investing through Mason Wells Buyout Fund III, a $525 million fund. Since Mason Wells was formed in 1998, its buyout funds have invested in four specific industry sectors: packaging materials & converting, outsourced business services, consumer packaged goods and engineered products & services. Mason Wells is headquartered in Milwaukee, Wisconsin.

ProAmpac, recently formed by Wellspring Capital Management through the recent merger of Prolamina Corporation and Ampac Packaging LLC, is a leading global flexible packaging company operating primarily under the Prolamina, Ampac and Tulsack brands. Together, the brands offer multiple innovative solutions in flexible packaging for the food, pet food and medical markets, secure packaging for the transport of cash and valuables, and retail shopping bags. ProAmpac operates 16 manufacturing centers in North America, Europe and Asia with over 2,000 employees. ProAmpac is based in Cincinnati, Ohio.

Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $3 billion of private equity capital. The firm’s objective is to bring partnership, experience and value creation to each investment. By teaming up with strong management, Wellspring is able to unlock underlying value and pursue new growth opportunities through strategic initiatives, operating improvements and add-on acquisitions. The firm functions as a strategic rather than tactical partner, providing management teams with top-line support, M&A experience and financial expertise, and access to resources. Wellspring Capital Management is headquartered in New York, New York.

For additional information about this transaction, please contact:

Justin Albert +1 (303) 270-6381
Chris McMahon +1 (312) 609-4983
Tom Lacy +1 (414) 298-7648
Tom Coburn +1 (312) 609-2545
Vinay Ghai +44 207 667 8225
Anthony Siu +86 (21) 61820980
Sale to ProAmpac Intermediate Inc.
January 2016
Coating Excellence International
Target Location
North America
Acquiror Location