Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, today announced the acquisition of Nekoosa, a leading manufacturer of specialty paper and film products used in the graphics and commercial print markets. Terms of the deal were not 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. Click Read More below for additional information.
Kruger Inc., which is about to start producing new specialty products at its Brompton Mill, provided an update on the diversification and modernization of its paper mills in Québec.
Kruger will begin production of new products by the end of July at its Brompton Mill and by December at its Wayagamack Mill. The first diversification phase will see several products added to Kruger’s current offering, including super-calendered kraft paper (SCK) and coated one side paper (C1S) for the manufacture of lightweight packaging and labeling products, as well as food packaging paper.
The Brompton Mill, which has exclusively manufactured newsprint to date, will be the first to benefit from the diversification project. The introduction of new products by the end of July will help protect some 200 jobs at the mill while enabling Kruger to reduce its overall annual newsprint production by 200,000 tonnes at the end of the project.
The Wayagamack Mill in Trois-Rivières will maintain its coated paper production but will start to manufacture new products in December.