Companies Combine to Accelerate Growth
NEKOOSA,
WI - With the support of Wingate Partners, LLP, Nekoosa Coated Products
acquired IGI Corp., parent of RTape Corp. and CET Films Corp. on Monday, April 22, 2013. The combination of Nekoosa Coated Products and IGI Corp. enhances the
ability of both organizations to deliver innovative products and programs to
their valued global channel partners. Paul Charapata, CEO of Nekoosa Coated
Products, will lead the new organization, whereby RTape and CET Films will
operate as divisions of Nekoosa Coated Products.
Paul Charapata, CEO of Nekoosa Coated Products |
“We
are privileged to partner with an outstanding team at IGI Corp. RTape Corp. has
a long-standing reputation as the leader in application tape and a very unique,
highly valuable network of distribution partners. We look forward to expanding
our relationships with these vital partners,” says Brad Brenneman, Wingate
principal. “In addition, CET Films’ value-added extruded films provide further growth
opportunities.”
Paul
Charapata, CEO of Nekoosa Coated Products added, “We are excited about this
unique opportunity to combine two market leading businesses that are centered
on a common goal of providing exceptional value to their respective channel
partners. The unified strength from this combination will provide our employees
and customers with outstanding long term growth opportunities.”
Bud
Philbrook, CEO of IGI Corp. will serve as a member of the Board of Directors
for the combined organization. "I am very proud of the employees of both
RTape and CET Films. Their efforts, combined with the support of our
marketplace partners, have resulted in an outstanding market position. The opportunity
to join forces with Nekoosa Coated Products provides the perfect platform for
long term success,” said Philbrook. “Nekoosa Coated Products is an outstanding company
that is well aligned to our core principles and growth goals. I look forward to
serving as a director in support of Paul’s leadership.”
Nekoosa
Coated Products: Headquartered
in Nekoosa, Wisconsin, Nekoosa Coated Products is known for 45 years of
innovation in carbonless paper technology and more recently an expanding line
of specialty products. The portfolio of specialty products includes: Synaps® OM
and Synaps® Digital XM, premium synthetic papers from AGFA; ThermaTac™, a
digital removable vinyl signage product; Thermanent®, a premium digital
polyester; MagneCote®, the world’s first magnetic paper; a full line of FSC®-certified
(Forest Stewardship Council) digital coated papers, Nekoosa Display Board and
other specialty papers. Wingate Partners of Dallas, Texas acquired Nekoosa
Coated Products in October of 2012. For more information on Nekoosa Coated
Products, visit www.nekoosacoated.com.
RTape
Corp.: Founded
in 1980 and headquartered in South Plainfield, New Jersey, RTape, an IGI Corp. company,
manufactures a wide range of products for the sign, screen print and digital
printing markets. Products include Conform Series®, ApliTape™ and Clear Choice®
application tapes and screen print premask and pre-space tapes, DigiMask® surface
protection masking for digital prints, Eclypse™ overlaminating films, ChalkTalk®
chalkboard film, EZ Erase® dry erase vinyl, ProGrade™ paint mask, Claritex® printable
polycarbonate films, and VinylEfx® embossed metalized vinyl films. For more information
on RTape Corp. visit www.rtape.com.
CET
Films Corp.: Founded
in 1973 and headquartered in Lakewood, New Jersey, CET Films, an IGI Corp.
company, manufactures cast custom extruded films for a range of niche graphic
arts and ancillary markets. Resin capabilities include acrylics, PC, PVC and
PETg. CET Films’ product lines include ClariCap™ acrylic films for the
lamination of PVC, ABS, PC and HIPS and ClariGuard™ laser engravable security
films. For more information on CET Films Corp. visit www.cetfilms.com.
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