Transilwrap Company, a converter and distributor of synthetic films based in Franklin Park, IL, USA, has entered into an equity agreement with Nicolet Capital Partners LLC, a private equity firm in Chicago, in an effort to more aggressively grow the company.
Transilwrap President Mark Stevens says that the company’s management team members will remain in their current capacities and maintain a substantial equity position in the company.
“Transilwrap has enjoyed a great run over the past several years, strengthening our core competencies and using organic growth to fuel our success,” says Stevens. “We positioned Transilwrap well across all our key markets and were in need of a partner that could help take our growth strategies to the next level. We conducted a thorough process to identify a partner right for us and were prepared to forego an equity transaction if we could not find a partner compatible with our culture, supportive of management’s continued involvement and that shared the same vision of using Transilwrap as a growth platform to leverage our 76-year history of industry leadership. We believe we found our ideal partner in Nicolet Capital and are excited about our future prospects.”
Transilwrap operates nine facilities across three business segments focused on thermal laminating, printable and specialty packaging films. The company engages in a variety of value-added processing operations, including extrusion and other surface coating, magnetic striping, security and specialty printing, finished assembly, slitting, sheeting, tipping, diecutting, and re-rolling. The company is also the second largest manufacturer of thermal laminating film in North America and manufactures its own line of printable synthetic alloys. For 76 years, Transilwrap has fulfilled a role in the supply chain for large manufacturers of PET, OPP, nylon, vinyl, styrene, and other synthetic films.
Transilwrap pursues growth with funding company
Published October 9, 2007
blog comments powered by Disqus