- April 06, 2009
WESTFIELD, MA | Jen-Coat, Inc., has finalized the sale of the Tekkote Div. to an investor group lead by Larry Goldman, VP and general manager of the division since 1999. Goldman will be president and CEO of the new Tekkote Corp., which will remain headquartered in Leonia, NJ.
“The sale of this division will further enable Jen-Coat to focus on its core business of extrusion coating, laminating, and value added printing,” said Jim Kauffman, Jen-Coat’s President and CEO. “Tekkote will continue on as an independently owned market leader in silicone coated release liners.”
Jen-Coat, Inc, a privately owned company founded in 1972, is a leading supplier of high quality flexible packaging materials serving the food, medical and industrial packaging markets. Brookwood Associates acted as the financial advisor to Jen-Coat for the transaction.