M&A Deal Summary

Prolamina Acquires Jen-Coat

On August 2, 2011, Prolamina acquired packaging company Jen-Coat from Wellspring Capital Management

Acquisition Highlights
  • This is Prolamina’s 1st transaction in the Packaging sector.
  • This is Prolamina’s 1st transaction in the United States.
  • This is Prolamina’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2011-08-02
Target Jen-Coat
Sector Packaging
Buyer(s) Prolamina
Sellers(s) Wellspring Capital Management
Deal Type Add-on Acquisition

Target

Jen-Coat

Westfield, Massachusetts, United States
Jen-Coat, Inc. supplies the food packaging, health care and industrial markets with a wide range of extrusion coated and laminated, metallized, and adhesive laminated structures. Products include sugar/sugar sub packets, paper/ foil laminations, film/foil laminations, composite can laminations, coated nonwovens, QSR wrap, release papers and many other specialty packaging materials.

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Buyer(S) 1

Buyer

Prolamina

Lake Forest, Illinois, United States
Category Company
Founded 1971
Sector Packaging
DESCRIPTION

Prolamina Corp. is a packaging company focused on providing value-added packaging and services to the food, medical and consumer markets.

DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1

Seller(S) 1

SELLER

Wellspring Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 14 of 37
Sector (Packaging) 1 of 3
Type (Add-on Acquisition) 9 of 12
State (Massachusetts) 1 of 1
Country (United States) 11 of 33
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-02 Prolamina

Lake Forest, Illinois, United States

Prolamina Corp. is a packaging company focused on providing value-added packaging and services to the food, medical and consumer markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-07 Resco Products

Pittsburgh, Pennsylvania, United States

Resco Products is a designer and manufacturer of refractory materials. Refractories are consumable materials used as protective linings for high-temperature furnaces, containers carrying molten metals, and a range of other harsh environment industrial situations. Resco Products was founded in 1946 and is based in Pittsburgh, Pennsylvania.

Buy -
Mergr

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