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Wellspring Capital Acquires SupplyOne

Wellspring Capital Management, a New York-based private equity firm, today announced that it has closed the acquisition of SupplyOne Inc., a leading value-added distributor and converter of packaging products. Financial terms of the transaction were not disclosed. Founded in 1998 and headquartered in Newtown Square, Pennsylvania, SupplyOne primarily serves middle-market customers in the food & beverage, manufacturing, consumer products, e-commerce and healthcare end markets. SupplyOne is a manufacturer of custom corrugated products, plastic thermoforming trays and clamshells, and custom pressure-sensitive labels. It distributes a wide variety of packaging supplies, packaging equipment, safety products, and janitorial and sanitary supplies. John Morningstar, a Managing Partner of...