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Private equity firm buys Transilwrap

By: Frank Antosiewicz

November 27, 2013

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.