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InteliCoat Sells Electronic and Engineered Film Unit
Written by Administrator
Tuesday, 07 August 2007
SOUTH HADLEY, MA and SPARTANBURG, SC – InteliCoat Technologies, manufacturer of coated paper, film, and specialty substrates, announced it has sold its electronic and engineered films business unit to Exopack Holding Inc., a flexible packaging converter and provider of paper and plastic packaging solutions.
Both InteliCoat and Exopack are affiliates of private investment firm Sun Capital Partners.
Terms of the transaction were not disclosed.
The acquisition will be renamed Exopack Advanced Coatings and will maintain operations in Matthews, NC and North Wales, UK. The company will continue to develop and manufacture coated and/or laminated substrates for applications in printed wiring boards, flexible circuits, optical films for displays, high temperature, conductive and shielding tapes, components for wound dressings and ostomy products.
Alan Parker has been named vice president and general manager for Exopack Advanced Coatings. Parker was formerly managing director of European operations for InteliCoat.
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