Wellspring Acquires Food And Beverage Packaging Distributor

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Wellspring Acquires Food And Beverage Packaging Distributor

Wellspring Acquires Food And Beverage Packaging Distributor

Recently it was announced that Wellspring Capital Management LLC, a New York-based firm that began in 1995 and is a middle-market private equity fund, has acquired food and beverage packaging distributor SupplyOne Inc.  

 
Based in Newtown Square, PA, SupplyOne distributes plastic thermoforming trays, corrugated products, janitorial and sanitary supplies, pressure-sensitive labels, and other goods throughout the U.S. to middle-market suppliers of the healthcare, consumer products, and food and beverage industries, among others.
 
Following Amazon.com Inc.'s purchase of Whole Foods for nearly $14 billion in August of 2017, the grocery industry has found itself facing issues including, not only tough competition, but also competitive pricing and supply chain disruption.  Today's grocery industry is one that's ever-evolving, and grocers are striving for businesses that can propel supply chain efficiency and keep costs down. 
 
Matthew Harrison, Wellspring partner, said that SupplyOne is extremely well-positioned to capitalize on the solid industry tailwinds of their core products and industry-leading packaging programs.  The financial terms of the acquisition were not revealed in the announcement.
 
Wellspring reportedly has a successful track record in the packaging sector, making the purchase of SupplyOne, known for its ability to lower total packaging costs, an exciting opportunity for Wellspring.  Managing Partner, John Morningstar, said in a press release that the firm is excited about the acquisition and ready to support SupplyOne through its next growth phase.
 
From continuous inkjet printers to TTO, laser, thermal inkjet and print and apply labeling, Markem-Imaje provides a wide array of industrial coding and marking solutions to the food and beverage industries.  For indelible coding of cartons, paper-based containers, flexible packaging, rigid plastic, glass, metal, PP wrappers, and other packaging substrates, rely on industry leader Markem-Imaje.

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