- June 28, 2002, PRESS RELEASE
SOUTH HADLEY, MA, USA—InteliCoat Technologies, LLC, formerly Rexam Image Products, LLC, the precision coating div. of Rexam PLC, announces the completion of the company's acquisition by private investment firm Sun Capital Partners, Inc., Boca Raton, FL. A global supplier of contract coating papers, films, foils, and other specialty substrates, InteliCoat joins Sun Capital Partners' portfolio of some 30 companies with combined sales topping $3 billion (US.)
Says Robert Champigny, InteliCoat president: "Our goal is to develop and provide precision coating solutions that uniquely address today's manufacturing challenges. We will accomplish this based upon our capabilities of producing highly advanced coated materials backed by our technology and management practices -- all to meet the changing needs of the marketplace. He adds, "The purchase of our company by Sun Capital enables us to focus exclusively on our core business -- specialty coated products -- and build upon historical strengths in research and development, manufacturing, and marketing."
The acquisition includes the firm's six manufacturing facilities in the US and Europe as well as sales and marketing offices and distribution locations in Australia, Europe, North America, and South America. Visit InteliCoat at InteliCoat.com. More information about Sun Capital Partners is available at suncappart.com.