Transilwrap Company, Inc., a value-added converter and manufacturer of specialty film products, has partnered with a fund managed by The Jordan Company, a private equity firm headquartered in New York.
Transilwrap's President & CEO, Andy Brewer, announced that the partnership with The Jordan Company will allow Transilwrap to execute its strategic plans and position the company for sustained, long-term growth.
"Transilwrap is proud of its heritage as one of the first film converters in the plastics industry that has evolved into a value-added converter of specialty films. Over the past several years, Transilwrap has continued to grow its leadership position through innovation, new market expansion and key company acquisitions resulting in record growth," said Brewer. "Going forward, based upon Transilwrap's strategic plans and vision, we felt a new equity partner could take Transilwrap to the next level of market leadership as we continue to expand our capabilities and market reach. We believe The Jordan Company is an ideal equity partner that is aligned with our strategy, and brings extensive financial and operational resources that will support our growth through market expansion, new product development, and strategic acquisitions."
The Jordan Company, founded in 1982, is a middle-market private equity firm with approximately $6 billion of committed capital under management and a 30 year track record of investing in and contributing to the growth of over 100 companies across a wide range of industries including, aerospace and defense, chemicals, metals, consumer products, packaging, energy, and telecom.
"We are excited to participate in Transilwrap's continued growth and to support Andy Brewer and the Transilwrap management team execute on their strategic plan for the Company's future," said Mike Denvir, Senior Partner of The Jordan Company. "Transilwrap's broad portfolio of capabilities, deep management team and strong market positions make it an ideal platform in an attractive and growing industry. Going forward we will work to increase profitability through operational improvements while driving growth through market expansion, new product development and accretive and synergistic acquisitions."
Transilwrap's current management team will continue in their current capacity, working with The Jordan Company.