Nekoosa, A Wingate Partners Portfolio Company, Acquires ClingZ, Continuing Its Product Portfolio Growth
Wednesday, January 11, 2017
On January 9, 2017, Nekoosa acquired the business and assets of ClingZ, Inc., a Rio Rancho, NM based manufacturer of premium graphic media. The addition of ClingZ expands Nekoosa's specialty products portfolio for customers worldwide and extends its technology platform to drive product innovation. The ClingZ operation will be integrated with the Nekoosa, Wisconsin facility in the second quarter of 2017.
Paul Charapata, CEO of Nekoosa, commented "The ClingZ acquisition is directly aligned with our mission of bringing something NEW to our customers and employees. The ClingZ products are a technological marvel, serving an array of print platforms including offset, digital, and wide format. With the support of Wingate Partners, this is our 5th significant transaction in just over 4 years of partnership. I am excited to have the ClingZ customers and products become part of Nekoosa's portfolio and growth story. We will take great care of all employees throughout the business integration process."
Moritz Schlenzig, CEO of ClingZ, Inc., added "Nekoosa is a great partner to build on ClingZ's strong franchise and to support future growth by offering expanded manufacturing scale and innovative product development. I look forward to working with Nekoosa to support our valued customers and employees through the integration process, and driving growth for ClingZ product lines globally."