Packaging Solutions Purchases Canada-Based Excel Pac

Wellspring Capital Management and Harold Bevis, Chairman and Chief Executive Officer of Packaging Solutions Holdings, announced that Packaging Solutions Holdings has acquired Excel Pac, a leading flexible packaging manufacturer in the food, dairy and pet food markets from Vincent Musacchio. The team, assets and know-how of Excel Pac join Jen-Coat and a new greenfield plant and team in Wisconsin to form a Top 20 packaging supplier to the food, dairy and medical markets. Financial terms of the transaction were not disclosed. Packaging Solutions Holdings now will have the manufacturing footprint and personnel to serve the industry from three plant