Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, has acquired Nekoosa, a manufacturer of specialty paper and film products used in the graphics and commercial print markets.
Terms of the deal have not been disclosed.
Headquartered in Nekoosa, Wisconsin, Nekoosa produces a comprehensive suite of specialty engineered materials in four key product areas: application and pressure sensitive tapes used to protect and transfer graphics onto surfaces such as store windows and commercial vehicles; specialty synthetic papers that offer a digitally printable tear-and-water-proof alternative to lamination; sheeted digital and offset grade carbonless paper; and extruded film products used in wall panel, credit card, and lighting applications. Through a network of more than 1,000 global distributor partners, Nekoosa serves a highly-diverse base of more than 70,000 commercial print and graphics shops in 65 countries.
“Nekoosa gives Sentinel an opportunity to partner with a differentiated industry leader that draws on a unique, niche product offering that is considered the ‘gold standard’ in its markets,” says Scott Perry, a partner at Sentinel. “Nekoosa has enhanced its leadership position through its highly-specialised operational expertise, unparalleled distribution network, and excellent corporate culture committed to developing a first-class employee base. We are thrilled to partner with Nekoosa’s highly talented and committed management team.”
“Nekoosa has a long, successful track record of innovation, leadership, and growth driven by dedicated employees,” says Paul Charapata, CEO of Nekoosa. “In the last five years, we have successfully executed four add-on acquisitions and have developed a playbook for the identification and integration of complementary businesses. We look forward to working closely with our new partners at Sentinel to continue this positive trajectory.”
