Oct 30, 2006. /Lesprom Network/. In a transaction closed in mid-October, The Goldman Sachs Group, Inc. made an investment to support capital improvements at Neucel Specialty Cellulose. The investment will help the company further enhance product quality, expand its product offerings and improve production efficiency. "Strong support from a financial institution like Goldman Sachs is very important to our development," said Ari Chaney, president of Neucel Specialty Cellulose. "It is an exciting opportunity to partner with Goldman Sachs, which brings a global set of resources that will enable Neucel to grow and improve its relationships," said David Mariano, partner in Wellspring Capital Management LLC. Neucel Specialty Cellulose is owned by Wellspring Capital Management and Charlestown Investments. Neucel is an aggressive new player in the global market for specialty cellulose products.