Skip to main content
Sister Publication Links
  • Sustainable Plastics
  • Rubber News
Subscribe
  • Sign Up Free
  • Login
  • Subscribe
  • News
    • Processor News
    • Suppliers
    • More News
    • Digital Edition
    • End Markets
    • Special Reports
    • Newsletters
    • Resin pricing news
    • Videos
    • Injection Molding
    • Blow Molding
    • Film & Sheet
    • Pipe/Profile/Tubing
    • Rotomolding
    • Thermoforming
    • Recycling
    • Machinery
    • Materials
    • Molds/Tooling
    • Product news
    • Design
    • K Show
    • Mergers & Acquisitions
    • Sustainability
    • Public Policy
    • Material Insights Videos
    • Numbers that Matter
    • Automotive
    • Packaging
    • Medical
    • Consumer Products
    • Construction
    • Processor of the Year
    • Best Places to Work
    • Women Breaking the Mold
    • Rising Stars
    • Diversity
    • Most Interesting Social Media Accounts in Plastics
  • Opinion
    • The Plastics Blog
    • Kickstart
    • One Good Resin
    • Pellets and Politics
    • All Things Data
    • Viewpoint
    • From Pillar to Post
    • Perspective
    • Mailbag
    • Fake Plastic Trees
  • Shop Floor
    • Blending
    • Compounding
    • Drying
    • Injection Molding
    • Purging
    • Robotics
    • Size Reduction
    • Structural Foam
    • Tooling
    • Training
  • Events
    • K Show Livestream
    • Plastics News Events
    • Industry Events
    • Injection Molding & Design Expo
    • Livestreams/Webinars
    • Editorial Livestreams
    • Ask the Expert
    • Plastics News Events Library
    • Processor of the Year submissions
    • Plastics News Executive Forum
    • Injection Molding & Design Expo
    • Plastics News Caps & Closures
    • Women Breaking the Mold Networking Forum
    • Plastics in Automotive
    • PN Live: Mergers and Acquisitions
    • Polymer Points Live
    • Numbers that Matter Live
    • Plastics in Politics Live
    • Sustainable Plastics Live
    • Plastics Caps & Closures Library
    • Plastics in Healthcare Library
    • Women Breaking the Mold Networking Forum Library
  • Rankings & Data
    • Injection Molders
    • Blow Molders
    • Film Sheet
    • Thermoformers
    • Pipe Profile Tubing
    • Rotomolders
    • Mold/Toolmakers
    • LSR Processors
    • Recyclers
    • Compounders - List
    • Association - List
    • Plastic Lumber - List
    • All
  • Directory
  • Resin Prices
    • Commodity TPs
    • High Temp TPs
    • ETPs
    • Thermosets
    • Recycled Plastics
    • Historic Commodity Thermoplastics
    • Historic High Temp Thermoplastics
    • Historic Engineering Thermoplastics
    • Historic Thermosets
    • Historic Recycled Plastics
  • Custom
    • Sponsored Content
    • LS Mtron Sponsored Content
    • Conair Sponsored Content
    • KraussMaffei Sponsored Content
    • ENGEL Sponsored Content
    • White Papers
    • Classifieds
    • Place an Ad
    • Sign up for Early Classified
MENU
Breadcrumb
  1. Home
  2. News
August 03, 2015 02:00 AM

CC Industries seals a deal for closure liner maker Selig

Jim Johnson
Staff Writer
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print
    Selig Sealing Products Inc.
    Selig Sealing Products Inc. makes closure liners for a variety of packages.

    Selig Sealing Products Inc. has a new owner, one that's looking to hold on to the maker of packaging closure liners for the long haul.

    CC Industries Inc. also likes the potential to expand the business, which already is the largest global manufacturer of tamper-evident, induction cap and closure liners, according to its now former owners, Behrman Capital.

    Selig makes closure liners found on packaging such as peanut butter jars, medicine containers and orange juice bottles.

    The Naperville, Ill.-based firm also makes roll stock that other companies then use to convert into closure liners.

    For Behrman Capital, a private equity firm, it was simply time to cash out of a 10-year holding. For CC Industries, the deal is a chance to move deeper into the packaging business.

    “We're long-term holders. We're interested in the industry in general and we think we can help Selig prosper and grow,” said David Rubin, general counsel for CC Industries, based in Chicago. “Certainly we would like to grow in this industry.”

    Selig uses plastics, foils and paper, in various combinations, to create closure liners that are typically induction-sealed to not only protect the product, but also provide tamper evidence, brand identification and counterfeit deterrence.

    “We've been owned by Berman Capital, so it was a private equity group and they thought it was the best time to sell the company and basically give the proceeds back to the investors,” said John Brown, vice president of marketing at Selig. “This is a pretty long hold. They found a very good owner in CC Industries, who is a longer-term investor.”

    CC Industries is controlled by the Crown family out of Chicago.

    News of the Selig deal comes just about a month after CC Industries acquired J.L. Clark Inc. of Rockford, Ill., which makes some seal liners, but mostly plastics and metal containers.

    J.L. Clark, which also has manufacturing operations in Lancaster, Pa., has about 350 employees and sales of about $77 million annually. In divesting J.L. Clark, Clarcor Inc. indicated the company had transformed itself over the years into a filtration company and had not been able to give the focus and energy that the packaging firm deserved.

    As for Selig, both sides declined to reveal a sales price or annual sales for Selig. Rubin did indicate the company has about 400 workers.

    CC Industries is part of Henry Crown and Co., a holding and management company for the Crown family's companies. Other companies in the portfolio include Great Dane Trailers, which makes truck trailers, and Little Lady Foods, which describes itself as a contract manufacturer and “the leader in specialty frozen pizzas.” The family company also owns bus maker Gillig.

    But this is story is not about pizza or buses or trailers.

    Selig was put on the market about nine months ago, according to Brown. It took a few months for CCI and Behrman Capital to finalize a deal, Rubin said.

    CC Industries signaled the new owner is happy with current Selig management — “a good team and we're delighted to have them,” Rubin said.

    Steve Cassidy will remain as president and CEO of Selig, which has locations in Forest, Ill.; Aurora, Ontario; Slough, England; and Niederglatt, Switzerland.

    Food and beverage account for a majority of Selig's business, but the company also serves other consumer goods and agriculture markets and even has some military applications through its flexible packaging business in Switzerland, Brown said.

    Selig high-barrier laminates are used to protect against nuclear, biological and chemical exposure. “It's a very small part of our business, but it's a very unique part of our business,” he said.

    Grant Behrman, managing partner of Behrman Capital, characterized his company's 10-year investment in Selig as a success.

    “Together with Steve Cassidy and his team, we built value through the strategic acquisition of Unipack and ISCO, the construction of a greenfield facility in the [United Kingdom] and a range of other operational initiatives. The business is well-positioned for continued growth with CC Industries,” Behrman said in a statement.

    RECOMMENDED FOR YOU
    Report urges treaty to regulate plastics like pharmaceuticals, limit growth
    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Plastics News would love to hear from you. Email your letter to Editor at [email protected]

    Most Popular
    1
    Biden sets US goal to replace 90% of plastics with biomaterials
    2
    Polymer Points Live March 2023: Commodity resin prices rising, but engineering resins see drops
    3
    Ad panels say ABA overstated PET bottle recycling efforts
    4
    Boston buys sole ownership of General Polymers
    5
    Film maker Inteplast sees green in green
    SIGN UP FOR OUR FREE NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Plastics News delivered straight to your inbox, free of charge.

    Subscribe today

    Subscribe to Plastics News

    Subscribe now
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter
    • Instagram

    Plastics News covers the business of the global plastics industry. We report news, gather data and deliver timely information that provides our readers with a competitive advantage.

    Contact Us

    1155 Gratiot Avenue
    Detroit MI 48207-2997

    Customer Service:
    877-320-1723

    Resources
    • About
    • Staff
    • Editorial Calendar
    • Media Kit
    • Data Store
    • Digital Edition
    • Custom Content
    • People
    • Contact
    • Careers
    • Sitemap
    Related Crain Publications
    • Sustainable Plastics
    • Rubber News
    • Tire Business
    • Urethanes Technology
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Processor News
        • Injection Molding
        • Blow Molding
        • Film & Sheet
        • Pipe/Profile/Tubing
        • Rotomolding
        • Thermoforming
        • Recycling
      • Suppliers
        • Machinery
        • Materials
        • Molds/Tooling
        • Product news
        • Design
      • More News
        • K Show
        • Mergers & Acquisitions
        • Sustainability
        • Public Policy
        • Material Insights Videos
        • Numbers that Matter
      • Digital Edition
      • End Markets
        • Automotive
        • Packaging
        • Medical
        • Consumer Products
        • Construction
      • Special Reports
        • Processor of the Year
        • Best Places to Work
        • Women Breaking the Mold
        • Rising Stars
        • Diversity
        • Most Interesting Social Media Accounts in Plastics
      • Newsletters
      • Resin pricing news
      • Videos
    • Opinion
      • The Plastics Blog
      • Kickstart
      • One Good Resin
      • Pellets and Politics
      • All Things Data
      • Viewpoint
      • From Pillar to Post
      • Perspective
      • Mailbag
      • Fake Plastic Trees
    • Shop Floor
      • Blending
      • Compounding
      • Drying
      • Injection Molding
      • Purging
      • Robotics
      • Size Reduction
      • Structural Foam
      • Tooling
      • Training
    • Events
      • K Show Livestream
      • Plastics News Events
        • Plastics News Executive Forum
        • Injection Molding & Design Expo
        • Plastics News Caps & Closures
        • Women Breaking the Mold Networking Forum
        • Plastics in Automotive
      • Industry Events
      • Injection Molding & Design Expo
      • Livestreams/Webinars
        • PN Live: Mergers and Acquisitions
      • Editorial Livestreams
        • Polymer Points Live
        • Numbers that Matter Live
        • Plastics in Politics Live
        • Sustainable Plastics Live
      • Ask the Expert
      • Plastics News Events Library
        • Plastics Caps & Closures Library
        • Plastics in Healthcare Library
        • Women Breaking the Mold Networking Forum Library
      • Processor of the Year submissions
    • Rankings & Data
      • Injection Molders
      • Blow Molders
      • Film Sheet
      • Thermoformers
      • Pipe Profile Tubing
      • Rotomolders
      • Mold/Toolmakers
      • LSR Processors
      • Recyclers
      • Compounders - List
      • Association - List
      • Plastic Lumber - List
      • All
    • Directory
    • Resin Prices
      • Commodity TPs
        • Historic Commodity Thermoplastics
      • High Temp TPs
        • Historic High Temp Thermoplastics
      • ETPs
        • Historic Engineering Thermoplastics
      • Thermosets
        • Historic Thermosets
      • Recycled Plastics
        • Historic Recycled Plastics
    • Custom
      • Sponsored Content
      • LS Mtron Sponsored Content
      • Conair Sponsored Content
      • KraussMaffei Sponsored Content
      • ENGEL Sponsored Content
      • White Papers
      • Classifieds
        • Place an Ad
        • Sign up for Early Classified