Aug 6 2008
Selig Sealing Products, Inc., a leading manufacturer of closure lining materials, announced today that it has acquired the assets of Unipac, a leading producer of foil and plastic innerseals for packaging applications, from Illinois Tool Works Inc.. Selig Sealing Products is a portfolio company of Behrman Capital, a New York and San Francisco-based private equity firm.
With operations in Canada and the United Kingdom, Unipac provides a broad selection of highly-engineered laminated liners for food, beverage, pharmaceutical, personal care, and other consumer and industrial applications. Unipac’s innerseals provide enhanced product freshness and tamper-evidence to plastic containers. Unipac offers a broad portfolio of proprietary products including Lift ’n’ PeelTM, Aroma PeelTM, Top-TabTM, and Safe-GardTM.
“Behrman Capital has proactively focused on the specialty packaging sector for several years, and we are excited about Selig’s acquisition of Unipac, a highly regarded company well known for its product innovation and quality,” said Grant G. Behrman, Managing Partner of Behrman Capital. “Unipac’s operations are highly complementary to those of Selig. Technology has driven substantial developments in this sector, and as consumer product companies look for new, innovative ways to protect the integrity of their products, the combined company will be well positioned for continued growth.”
“Unipac’s product line, including its consumer-friendly Lift ’n’ Peel™ closure liner, will augment Selig’s product and technology offering, resulting in a combined company able to offer customers a broad range of innovative, high quality solutions,” said Steve Cassidy, President and CEO of Selig Sealing Products. “In addition, Unipac’s operations in Canada and the UK will provide truly global manufacturing, enhance our access to distribution channels, and accelerate our growth. We are delighted to welcome the Unipac team to Selig, and look forward to working with them to increase sales of current product offerings and develop new technologies.”
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