NEKOOSA, WIS. — Nekoosa Coated Products has acquired IGI Corp. — owner of plastic tape maker RTape Corp. and plastic film maker CET Films Corp. — for an undisclosed price.
RTape is a 33-year-old firm based in South Plainfield, N.J. The company makes products for the sign, screen print and digital printing markets, including printable polycarbonate films and metalized PVC films. Lakewood, N.J.-based CET makes cast custom extruded films for niche graphic arts and related markets. Its films are based on polycarbonate, PVC, acrylic and glycol-modified PET.
Nekoosa CEO Paul Charapata declined to release annual sales total for RTape or CET, but he said that neither firm had competed with Nekoosa. The three firms combined will employ more than 200.
IGI CEO Bud Philbrook will serve as a board member for the combined firm.
According to Charapata, Nekoosa is looking to make more acquisitions. He added that acquiring RTape and CET “will create development opportunities for our employees.”