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.
“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.”