Nekoosa Coated Products Acquires IGI Corp.
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Nekoosa Coated Products, Nekoosa, Wis., USA, a producer of carbonless paper and more recently an expanding line of specialty products, has acquired IGI Corp., parent of RTape Corp. and CET Films Corp. Paul Charapata, CEO of Nekoosa Coated Products, will lead the new organization.
Paul Charapata, CEO of Nekoosa Coated Products, noted that "we are excited about this unique opportunity to combine two market leading businesses that are centered on a common goal of providing exceptional value to their respective channel partners. The unified strength from this combination will provide our employees and customers with outstanding long term growth opportunities."
Bud Philbrook, CEO of IGI Corp., will serve as a member of the board of directors for the combined organization. "I am very proud of the employees of both RTape and CET Films. Their efforts, combined with the support of our marketplace partners, have resulted in an outstanding market position. The opportunity to join forces with Nekoosa Coated Products provides the perfect platform for long term success," he said.
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