Nekoosa Holdings, Inc., parent company of Nekoosa Coated Products, acquired the MagneCote business from MagnetNotes, LLC. on Friday, September 20, 2013. MagneCote has been part of Nekoosa's product portfolio for the last five years, and now they will take full ownership of the business globally. All manufacturing and converting is being moved to CET Films Corp., a division of Nekoosa Holdings, Inc. that specializes in extrusion, located in Lakewood, NJ, USA.
MagneCote, the world's first magnetic paper, provides a pre-magnetized and cost-effective option for magnetic printing. Available in grades compatible for offset, dry toner/laser and HP Indigo printing, MagneCote is used for applications like sports schedules, business cards, coupons, signage, promotions, calendars, to-go menus, postcards, appointment reminders and prescription refill reminders.
"We are ecstatic to continue the MagneCote legacy of innovation and expand the impact of magnetic media in the printing world. This acquisition is a natural fit, enabling us to maximize our core manufacturing capabilities and global channel partnerships," says Paul Charapata, CEO of Nekoosa Holdings, Inc.