Appvion, a Wynnchurch Capital (Wynnchurch) portfolio company, invests in new equipment slated for delivery and installation in 2023.
'The capital investment demonstrates our commitment to Appvion. Continued investment in new technology fosters future growth in Appvion's core business,' said Greg Gleason, managing partner at Wynnchurch.
The announcement comes just months after the company was purchased by Wynnchurch Capital, a private equity firm headquartered in the Chicago suburb of Rosemont, Illinois. Founded in 1999, with offices in California, New York, and a Canadian affiliate, Wynnchurch Capital is a leading middle-market private equity investment firm. Wynnchurch's strategy is partnering with middle-market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. The company's focus is on leveraging business strengths and identifying new market opportunities to support management's vision—with an unwavering commitment to sound business judgment, partnership,