Image


 
September 25, 2013
Nekoosa Holdings, Inc. Acquires the MagneCote® Business
A Deal to Streamline Manufacturing and Drive Growth

NEKOOSA, WI - Nekoosa Holdings, Inc., parent company of Nekoosa Coated Products, acquired the MagneCote® business from MagnetNotes, LLC. on Friday, September 20, 2013. MagneCote® was part of Nekoosa's product portfolio for the last five years, and now they will take full ownership of the business globally. All manufacturing and converting is being moved to CET Films Corp., a division of Nekoosa Holdings, Inc. that specializes in extrusion, located in Lakewood, New Jersey.

MagneCote®, the world's first magnetic paper, provides a premagnetized and cost effective option for magnetic printing. Available in grades compatible for offset, dry toner/laser and HP Indigo printing, MagneCote® is used for applications like sports schedules, business cards, coupons, signage, promotions, calendars, to-go menus, postcards, appointment reminders and prescription refill reminders.

"We are ecstatic to continue the MagneCote® legacy of innovation and expand the impact of magnetic media in the printing world. This acquisition is a natural fit, enabling us to maximize our core manufacturing capabilities and global channel partnerships," said Paul Charapata, CEO Nekoosa Holdings, Inc.

Headquartered in Nekoosa, Wisconsin, Nekoosa Coated Products is known for 45 years of innovation in carbonless paper technology and more recently an expanding line of specialty products. The portfolio of specialty products include: Synaps® OM and Synaps® Digital XM premium synthetic papers from AGFA; ThermaTac , a removable vinyl signage product engineered for dry toner/laser printing; Thermanent®, a premium digital polyester; MagneCote®, the world's first magnetic paper; and a full line of FSC® - certified (Forest Stewardship Council) digital coated papers.

Nekoosa Coated Products' operates as a division of Nekoosa Holdings, Inc. On April 22, 2013, Nekoosa Coated Products, RTape Corp. and CET Films Corp. merged in order to enhance the ability of all three divisions. CET Films Corp., founded in 1973 and headquartered in Lakewood, New Jersey, manufactures cast custom extruded films for a range of niche graphic and ancillary markets. Resin capabilities include acrylics, PC, PVC and PETg. CET Films' product lines include ClariCap acrylic for the lamination of PVC, ABS, PC and HIPS and ClariGuard laser engravable security films. For more information on CET Films Corp. visit www.cetfilms.com. Nekoosa Holdings, Inc. is a part of the Wingate Partners (Dallas, Texas) portfolio of companies.