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Wellspring Capital Management Invests in Chemaid

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By: TOM BRANNA

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Wellspring Capital Management, a leading private equity firm, has completed an equity recapitalization investment in Chemaid Laboratories, Inc., as part of a staged plan for chartered future growth, a transaction that will provide Chemaid Laboratories with a large capital base and management support for the continued expansion of research and product development facilities and production capacity, according to the company. Terms of the transaction were not disclosed. Daniel Rachmanis, with m...

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