Nekoosa Coated Products, which makes specialty film and paper products for graphics and printing, is being sold by one private equity firm to another.
Wingate Partners of Dallas has spent the last five years building up Nekoosa's operations through a series of acquisitions. Now the entire company is being acquired by Sentinel Capital Partners of New York.
"Nekoosa gives Sentinel an opportunity to partner with a differentiated industry leader that draws on a unique, niche product offering that is considered the 'gold standard' in its markets," said Scott Perry, a partner at Sentinel, in a statement.
Nekoosa, based in Nekoosa, Wis., makes application and pressure sensitive tapes to protect and transfer graphics for windows and commercial vehicles.
The company also makes extruded film products used in wall panel, credit card and lighting applications. Another product line involves specialty synthetic papers that serve as an alternative to lamination. And the firm makes digital and offset grade carbonless paper.
"Nekoosa has a long, successful track record of innovation, leadership, and growth driven by dedicated employees," Nekoosa CEO Paul Charapata said in a statement. "In the last five years, we have successfully executed four add-on acquisitions and have developed a playbook for the identification and integration of complementary businesses."
The company has more than 70,000 commercial printing and graphics customers in 65 countries. Brands include Nekoosa Coated Products, RTape, CET Films and ClingZ.
Sentinel Capital Partners says it invests in "promising companies at the lower end of the middle market."
Other Sentinel holdings include TGI Fridays and PlayCore, which designs and builds commercial playground, park, recreation, performance and specialty equipment.
Terms of the deal were not disclosed.