Selig Sealing Products, a leading manufacturer of tamper-evident closure lining material, announced that it has acquired ISCO Jacques Schindler & Co. AG., a privately held business based in Niederglatt, Switzerland. This is Selig’s second strategic acquisition in the specialty packaging sector after its acquisition of Unipac in 2008. Selig Sealing Products is a portfolio company of Behrman Capital, a New York and San Francisco based private equity firm.
Together with ISCO, Selig now
offers a complete range of lamination technologies from solvent based, solvent
free, extrusion and hot-melt systems and a broad range of print solutions
including water based and solvent based, flexographic and rotogravure and a
capability to employ 10 color gravure print to match the most demanding
graphics needs in all of our markets.
“ISCO’s product lines 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 and allows Selig to offer flexible packaging products,” says Steve
Cassidy, president and CEO of Selig Sealing Products. “In addition, ISCO’s
operation in Switzerland
will strengthen our presence in Europe and
provide truly global manufacturing, enhance our access to the European market,
and accelerate our growth. We are delighted to welcome the ISCO team to Selig,
and look forward to working with them to increase sales of current product
offerings and develop new technologies.”
“We look forward to our new
relationship with Selig and to beginning a new chapter on ISCO’s history of
innovation and accomplishment,” says Jacques H. Schindler, who is continuing as
the vice president and general manager of ISCO. “Accompanying Selig’s
investment will be their commitment of substantial financial and operational
expertise. Selig will be an excellent partner for us as we implement the next
stages of our growth plan.”
“The partnership with Selig is the ideal next step in the
development and growth of ISCO, which has seen strong growth in both the
flexible packaging and foil inner seal businesses in recent years,” says Schindler
who continues in an advisory role with the company.
Selig Sealing Products
ISCO Jacques Schindler & Co.
41 (0)44 851 50 50
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