To top off an exciting year, Starleaton has welcomed the acquisition of its major wide format supplier Neschen AG by private equity firm Blue Cap - a listed Munich-based investment company with an established profile in the graphic arts sector.
“We are very positive about Blue Cap’s acquisition of Neschen Coating GmbH and subsidiary Filmolux,” says Ben Eaton, CEO of Starleaton, which recently expanded via its acquisition of DES. “Blue Cap is not a typical private equity company in that it does not have exit strategies from the word ‘go.’ It invests in medium-sized companies driven by technology and improves and runs them for the long-term.
“It is also heavily vested in the printing and graphic arts market with its ownership of the Planatol Adhesives Company and Biolink UV acrylate adhesives plus Gämmeler post-press systems,” says Eaton.
“Neschen is a very important and long-standing supplier for Starleaton, which fits our passion for highest quality, reliable and well-backed materials for our customers. With Blue Cap as the new owner, I could not be more delighted about the stability and future for Starleaton and Neschen.”
Former Neschen plant & production manager Kai Tittgemeyer has been appointed managing director of Neschen Coating GmbH.
Neschen has an illustrious history and celebrated its 125-year anniversary in 2014. The company remains headquartered in Bückeberg, Germany. It develops and manufactures roll media, coatings and laminates used in the wide-format graphic arts disciplines plus films and papers used by libraries, museums, galleries and bookbinders for the repair and preservation of fine books and artworks.