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Quad-C Management exits InterWrap investment with sale to Owens Corning

Middle market private equity firm Quad-C Management has completed its previously announced sale of InterWrap, a manufacturer of synthetic roofing underlayment and packaging materials, to Owens Corning for USD450 million. 

Quad-C made its initial investment in InterWrap in November 2013, partnering with the company’s founders and management team to execute on a strategic vision for growth and operational excellence.

“The entire InterWrap team is very proud of all we accomplished during our multi-year partnership with Quad-C,” says InterWrap CEO, Eduardo Lozano. “Quad-C’s investing experience, industry expertise and support were invaluable in driving the strategic vision for our company and getting us to where we are today.”

Based in Vancouver, British Columbia, InterWrap operates facilities in the United States, Canada, India and China. The company primarily produces synthetic roofing underlayment, including the Titanium and RhinoRoof brands, and lumber and metal packaging products, including the Duramet and WeatherPro brands.

“Eduardo and his management team have done an exemplary job growing InterWrap while continuing to invest in its products, brands and technology for the future,” says Quad-C Partner Thad Jones. “We are very pleased with all that has been accomplished together over the last several years.”

“InterWrap was a terrific investment for Quad-C,” says Steve Burns, Senior Partner of Quad-C. “We formed a great partnership with the founders of InterWrap, Rob Milne and Dave Shokar, and collaborated with management to execute on a strong collective vision for the business. The employees and management team, our investors and our founder partners reaped the benefits of these efforts.”

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