Craig Cappel Takes the Helm as CEO of Hoffmaster Group, Inc.

Craig Cappel, an experienced leader in the consumer products industry, has been appointed as the Chief Executive Officer of Hoffmaster Group, Inc. Hoffmaster is a renowned manufacturer of premium disposable tableware products based in the United States. The company is a portfolio company of Wellspring Capital Management and Gamut Capital Management. With his extensive background in the tableware and packaging sectors, Cappel is ready to lead Hoffmaster to new heights of success.

Cappel brings a wealth of knowledge and expertise to his new role at Hoffmaster. Prior to joining the company, he held senior leadership positions at Reynolds Consumer Products, a global manufacturer of consumer household essentials. At Reynolds, he served as the President of the company and the President of Hefty Tableware. Cappel also has experience as the Chief Procurement and Technology Officer for the Rank Group of companies, overseeing a significant sourcing operation.

Expressing his enthusiasm for his new position, Cappel said, "I have always admired Hoffmaster's market-leading position as a supplier of premium disposable products. The company's commitment to product quality and service is unmatched. I am excited to work with Hoffmaster's strong leadership team to support our customer base and drive innovation to expand the product portfolio. Leveraging Hoffmaster's position as the leading provider of ESG-friendly tableware products, we will continue to excel."

Rory Leyden, who has been serving as the President and CEO of Hoffmaster since 2008, will retire from day-to-day management. However, he will continue to contribute to the company as a member of the Board of Directors. Reflecting on his time at Hoffmaster, Leyden said, "Being a part of Hoffmaster has been the highlight of my career. I am proud of how the team tackled the challenges of the past few years and positioned the business for ongoing success. I look forward to collaborating with Craig and the Board to guide the company's strategic direction."

The Hoffmaster Board of Directors includes representatives from Wellspring Capital Management and Gamut Capital Management, as well as John McGrath. McGrath previously served as the CEO of Pactiv Evergreen, a company under the Reynolds Group, where he closely worked with Cappel.

Craig Cappel assumed his role as CEO of Hoffmaster on July 10th. Based in Oshkosh, he is well-positioned to lead the company towards a prosperous future.

About Hoffmaster:

Hoffmaster is a leading source for a complete line of premium disposable paper tableware items. The company caters to restaurants, hospitals, and various service industries. Established in 1947, Hoffmaster Group, Inc. is currently owned by Wellspring Capital Management and Gamut Capital Management.

About Wellspring Capital Management:

Wellspring Capital Management is a prominent private equity firm headquartered in New York. Since its establishment in 1995, Wellspring has raised over $4.5 billion in initial capital commitments through six private equity funds. Over the past 25 years, the firm has invested in more than 45 platform investments across different sectors of the U.S. and global economies.

About Gamut Capital Management:

Gamut Capital Management is a private investment firm based in New York. With assets exceeding $2 billion, the firm is focused on the middle market. Since its inception in 2015, Gamut has executed investments in over 50 companies in North America and Europe.

For more information about Hoffmaster, please visit www.hoffmaster.com.

In Conclusion:

Craig Cappel has taken the reins as the new CEO of Hoffmaster Group, Inc. With his extensive background in the consumer products industry, Cappel is well-equipped to lead the company towards further success. Supported by a strong leadership team and leveraging Hoffmaster's market-leading position, Cappel aims to drive innovation and expand the company's product portfolio. As Hoffmaster enters this new chapter, the company is poised to continue providing premium disposable tableware products to its valued customers.