By: Frank Esposito
April 24, 2013
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.”