Calvert Street Sells Main Tape
We are pleased to announce that on May 1, 2015, Main Tape Company (“Main Tape”), a portfolio company of Calvert Street Capital Partners (“Calvert Street”), was acquired by Nekoosa Holdings (“Nekoosa”), a manufacturer and marketer of carbonless paper, graphic applications, extruded films, and other specialty products.
Founded in 1987 and headquartered in Cranbury, N.J., Main Tape is a full-service manufacturer and distributor of surface protection films and graphics transfer tapes. Main Tape provides high-quality product solutions for a range of industries including metal fabrication, construction, electronics, automotive, and graphics. For more information about Main Tape, visit www.maintape.com.
Kären Olson, CEO of Main Tape commented, “This transaction represents the culmination of a concerted effort by my entire team at Main Tape, and I could not be happier with the result. Calvert Street was always there, regardless of the hour or circumstance. As a true partner, their collaborative approach helped our management team strengthen and grow the organization.”
John Wissel, Principal at Calvert Street, added that “Kären and her team did an outstanding job transforming Main Tape into a leading manufacturer of surface protection films and graphics transfer tapes. They worked tirelessly over the last several years to prepare the organization for this transition, and we could not be more thankful for their efforts and pleased with the outcome. We wish Nekoosa the best as they integrate Main Tape into their broader strategic vision.”
Nekoosa is owned by Wingate Partners, a Texas-based private equity firm. Nekoosa is comprised of Nekoosa Coated Products (Nekoosa, WI), RTape Corporation (South Plainfield, NJ), and CET Films (Lakewood, NJ).