1. Wellspring Capital Management Acquires Jen-Coat, Inc.

    Wellspring Capital Management LLC ("Wellspring") announced today that it has acquired Jen-Coat, Inc. ("Jen-Coat" or the "Company"), a leading flexible packaging manufacturer in the food, healthcare and industrial segments, from CGW Southeast Partners. Jen-Coat is the first subsidiary of a new holding company formed by Wellspring and industry executive Harold Bevis. Financial terms of the transaction were not disclosed.
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