Green Bay Innovation Group



Wynnchurch Capital, L.P. today entered into a definitive agreement to acquire a majority of the  assets of Appvion Holding Corp. and its subsidiaries. 

“We are very excited to share that Appvion has a new sponsor. This sponsorship will enable new  investments, continued expansion, and additional resources that we collectively need to  accelerate growth in our AMS and Packaging & Specialty Coatings businesses. We see this as a  terrific opportunity to continue delivering the same great Appvion value our customers expect  while remaining fast, flexible, and responsive. Wynnchurch shares our values of safety, integrity,  and honesty and putting the customers first to deliver value. We are excited to partner with them  to pursue our next phase of growth.” said George Wurtz, Appvion’s President, Chief Executive  Officer & Chairman of the Board. 

“We are very excited to partner with George and the Appvion leadership team to continue to  deliver superior products and services to their customers as well as accelerating their future  growth plans in AMS and Packaging.” said Greg Gleason, Managing Partner at Wynnchurch  Capital Partners L.P. Wynnchurch Capital manages a number of private equity funds with $4.2  billion of committed capital under management and specializes in recapitalizations, growth  capital, management buyouts, corporate carve-outs and restructurings. They focus on leveraging  a business’s strengths and identifying new market opportunities to support management’s  vision—with an unwavering commitment to sound business judgment, partnership,  communication, and integrity. 

The deal was completed on December 3, 2021. 

About Wynnchurch Capital, L.P.  

Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an  office in California, New York and an affiliate in Canada, was founded in 1999, and is a leading  middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle  market companies in the United States and Canada that possess the potential for substantial  growth and profit improvement. 

About Appvion 

Appvion was founded in 1907 and is a pioneer in the specialty and high-performance coatings  business. Headquartered in Appleton, Wisconsin, Appvion develops innovative, water-based,  and environmentally responsible coating solutions for consumers’ everyday life. Appvion’s  functional coating solutions are applied to a wide variety of flexible substrates, including  products from an FDA-compliant facility. Primary product offerings include direct thermal  paper and film solutions and renewable, fiber-based consumer and industrial packaging  solutions. As a leading manufacturer in North America, you can count on Appvion to tackle  your customers’ biggest challenges. Connect with us on Twitter and LinkedIn to learn more.

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