Nekoosa Coated Products Acquired by Wingate Partners
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Wingate Partners, a Dallas, Texas, USA-based investment firm, this week announced that it has partnered with Paul Charapata and other management to acquire Nekoosa Coated Products LLC, based in Nekoosa, Wis. Nekoosa produces specialty paper products for use in a variety of printing applications.
Nekoosa Coated Products, formerly part of 3M and Imation, has been a leader in the carbonless and specialty paper markets for more than 50 years. It became an independent company in 2005 and has successfully strengthened and diversified both its product portfolio and distribution network over the past several years.
"This investment by Wingate Partners will help us to accelerate our growth as we strive to provide even more value added products and services for our customers through a shared vision of strategic partnerships, including acquisitions," said Nekoosa Coated Products CEO Paul Charapata. "This is an exciting time for all Nekoosa employees and customers as we build upon the foundation of success we have created together with a fantastic new partner. Nekoosa is an ideal situation for Wingate—a strong, innovative management team which leads a very well positioned business in vital markets," said Brad Brenneman, principal at Wingate Partners. "We are honored to partner with Paul and the Nekoosa team, and look forward to supporting Nekoosa's growth."
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