Private equity firm buys Transilwrap

By Frank Antosiewicz
Correspondent

Published: November 27, 2013 2:33 pm ET
Updated: November 27, 2013 3:19 pm ET

Related to this story

Topics Mergers & Acquisitions, Packaging, Extrusion, Film & Sheet

New York-based private equity firm Jordan Co. has acquired converter and specialty films manufacturer Transilwrap Co. Inc.

The deal closed Nov. 22, according to Houlihan Lokey Capital Inc., an investment banker headquartered in Los Angeles, which served as the sell side advisor. Terms were not announced.

Transilwrap President and CEO Andy Brewer said Jordan will “support our growth through market expansion, new product development and strategic acquisitions.”

Transilwrap, headquartered in Franklin Park, Ill., operates eight manufacturing facilities and nine distribution centers in North America. The company does specialized manufacturing and converting including liquid and extrusion coating, select sheet extrusion, as well as slitting, sheeting, magnetic striping, security and specialty printing. Its end markets include packaging, security and loyalty cards, healthcare, office products, print media and industrial segments.

Jordan said the existing management team at Transilwrap will continue in their same roles. Neither Jordan nor Transilwrap officials responded for requests for comment.

Transilwrap was founded in 1931. In the 1960s and 70s it built a thermal laminating film business and in 1981 expanded into film extrusion. In the 1990s, Transilwrap added liquid coating and pilot line development.

Nicolet Capital Partners LLC, a Chicago equity firm, bought a stake in Transilwrap in 2007 and helped fuel its grown in recent years with the purchase of Quest Films Inc., a specialty films maker; and Interfilm Holdings Inc., another converter.

Jordan was founded in 1982 and has about $6 billion of capital assets under management and has worked with over 100 companies during its 30-year tenure.


Comments

Private equity firm buys Transilwrap

By Frank Antosiewicz
Correspondent

Published: November 27, 2013 2:33 pm ET
Updated: November 27, 2013 3:19 pm ET

Post Your Comments


Back to story


More stories

Image

Plastics News Now: Losing weight with style, plastics in the Dragons' Den

January 29, 2015 6:00 am ET

A 19-year-old entrepreneur brings business to a U.K. injection molder after winning support on TV's Dragons' Den, auto suppliers combine...    More

Image

African equity fund invests in Kenya's General Plastics

January 28, 2015 4:24 pm ET

An African investment fund specializing in agriculture has invested in Kenyan packaging firm General Plastics Ltd. to provide funds to expand in the...    More

M&A deals in packaging hit record

January 28, 2015 1:49 pm ET

It's good to be in packaging these days. More precisely, it's good to be in packaging and decide to sell or merge.    More

Image

Sika opens negotiations to acquire Axson Technologies

January 28, 2015 12:17 pm ET

Specialty chemicals maker Sika AG has entered into exclusive negotiations with Axson SAS management and shareholders to acquire its epoxy and...    More

Image

Piovan buys majority stake in Italy's Penta

January 28, 2015 12:04 pm ET

Italian auxiliary equipment company Piovan SpA has acquired a majority stake in the Italian materials handling company Penta srl, based in Poggio Rena...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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

More Events