Advisor to GROUPE CHARGEURS on the acquisition of US-based MAIN TAPE, subsidiary of NEKOOSA HOLDING

Financière de Courcelles advised Chargeurs Group for the acquisition, with immediate effect, of 100% of the US-based company Main Tape Inc (Cranbury, NJ, USA), subsidiary of Nekoosa Holding Inc. dedicated to the design and manufacture of plastic film for temporary surface protection applications. Founded in 1987, Main Tape has successfully developed a comprehensive product and solution offering for industrial customers based primarily in the United States but also in Mexico. In 2015, the company reported revenue of US$27 million.

The acquisition, which took the form of a pre-emptive purchase offer, will consolidate the market presence, product offering and leadership of Chargeurs Protective Films, the world’s leading manufacturer of plastic surface protection films on both the North American and International markets. Main Tape, Inc. will be joining a business division that reported revenue of €227.2 million and recurring operating profit of €21.8 million in 2015. It will bring to Chargeurs Protective Films additional marketing and manufacturing capacity along with solid synergy benefits.

Though this acquisition, Financière de Courcelles advised Chargeurs group in the development of its international leading business lines, based on the high value-added “Mittlestand” model.

This transaction demonstrates Financière de Courcelles’ ability to advise large corporates on their international acquisition strategy.

About…

Chargeurs

Chargeurs is a global manufacturing and services group with leading positions in four segments: temporary surface protection, technical substrates, garment interlinings, and combed wool.

It has over 1,500 employees based in 32 countries on five continents, who serve a diversified customer base spanning more than 45 countries.

In 2015, consolidated revenue totaled almost €500 million, of which nearly 93% was generated outside France.

Chargeurs is listed on Euronext Paris.

Main Tape Inc.

Founded in 1987, Main Tape is a US-based company (Cranbury, NJ, USA) specialized in the design and manufacture of plastic film for temporary surface protection applications. Its customers are primarily industrial groups based in the US but also in Mexico. In 2015, the company reported revenue of US$27 million.

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