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, Film & Sheet, Extrusion

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

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Image

Kydex, Allen Extruders joined under Sekisui SPI name

September 17, 2014 4:12 pm ET

Sekisui Chemical Co. Ltd. is combining plastic sheet makers Kydex LLC and Allen Extruders LLC under one roof as Sekisui SPI.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events