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

Sipa buys Automa's PET bottle machinery business

November 28, 2014 10:02 am ET

Sipa SpA has acquired the injection-stretch-blow molding (ISBM) equipment business of Automa SpA. No transaction price was disclosed in the...    More

Image

Wipak opens flexible packaging factory in China

November 28, 2014 9:58 am ET

Wihuri Packaging Oy has opened a new flexible packaging plant in Changshu, China.    More

Image

RPC Group buying Iceland's Promens

November 27, 2014 8:46 am ET

In a major acquisition that combines two rigid packaging companies with international footprints, RPC Group plc has signed a 399 million euro ($497...    More

Image

Huhtamäki selling film division

November 26, 2014 2:10 pm ET

Private equity firm Deutsche Beteiligungs AG (DBAG) will acquire the film business of Finland-based plastics packaging group Huhtamäki Oyj for 141...    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla Visteo...    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

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