Nekoosa Holdings Acquires MagneCote Business from MagnetNotes
MagneCote provides a premagnetized and cost effective option for magnetic printing.
September 26, 2013 (Press Release) - Nekoosa Holdings, Inc., parent company of Nekoosa Coated Products, acquired the MagneCoteŽ business from MagnetNotes, LLC. on Friday, September 20, 2013.
MagneCote was part of Nekoosa's product portfolio for the last five years, and now they will take full ownership of the business globally.
All manufacturing and converting is being moved to CET Films Corp., a division of Nekoosa Holdings, Inc. that specializes in extrusion, located in Lakewood, New Jersey.
MagneCote, the world's first magnetic paper, provides a premagnetized and cost effective option for magnetic printing.
Available in grades compatible for offset, dry toner/laser and HP Indigo printing, MagneCote is used for applications like sports schedules, business cards, coupons, signage, promotions, calendars, to-go menus, postcards, appointment reminders and prescription refill reminders.
"We are ecstatic to continue the MagneCote legacy of innovation and expand the impact of magnetic media in the printing world. This acquisition is a natural fit, enabling us to maximize our core manufacturing capabilities and global channel partnerships," said Paul Charapata, CEO of Nekoosa Holdings, Inc.
Headquartered in Nekoosa, Wisconsin (USA), Nekoosa Coated Products is known for 45 years of innovation in carbonless paper technology and more recently an expanding line of specialty products. For more information visit www.nekoosacoated.com.
SOURCE: Nekoosa Holdings, Inc.