Nekoosa Coated Products buys owner of RTape and CET Films

By Frank Esposito
Senior Staff Reporter

Published: April 24, 2013 4:19 pm ET
Updated: April 24, 2013 4:21 pm ET

Related to this story

Topics Mergers & Acquisitions, Extrusion, Film & Sheet

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 is based in Nekoosa, Wis., and makes carbonless paper and specialty products, including some based on PVC and polyester. The firm was purchased last year by Wingate Partners, a Dallas-based private equity firm.

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.

Nekoosa and RTape each operate from plants that cover more than 100,000 square feet, Charapata said in a telephone interview. The CET facility covers more than 50,000 square feet, he added.

According to Charapata, Nekoosa is looking to make more acquisitions. He added that acquiring RTape and CET “will create development opportunities for our employees.”


Comments

Nekoosa Coated Products buys owner of RTape and CET Films

By Frank Esposito
Senior Staff Reporter

Published: April 24, 2013 4:19 pm ET
Updated: April 24, 2013 4:21 pm ET

Post Your Comments


Back to story


More stories

Image

Amcor buys Chinese flexible packaging plant

December 18, 2014 1:47 pm ET

Australian-based global packaging company Amcor Ltd. is buying a Chinese flexible packaging business for 211 million RMB (US$31.4 million).    More

Image

Soy-based foam improves window performance, sustainability

December 18, 2014 12:51 pm ET

Launched in April 2013, Madison, Wis.-based WFI Global LLC is making a name in the fenestration market with what it says is a distinct product...    More

Image

Indian auto parts maker set to buy assets in Germany, Mexico

December 18, 2014 10:35 am ET

Indian auto parts maker Samvardhana Motherson Gropup is buying the assets of insolvent German plastics car parts producer Scherer & Trier (S&T).    More

Image

Sweden's Indutrade buys Belgian packaging firm Verbeek

December 18, 2014 9:42 am ET

Sweden's Indutrade AB has purchased all the shares in Belgium's Verbeeck Packaging Group.    More

Image

Röchling buys two UK firms

December 18, 2014 9:24 am ET

Germany's Röchling Engineering Plastics SE & Co. KG has expanded its presence in the high-performance plastics market by acquiring two British firms &...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events