SCA Packaging North America is now Tegrant Corporation.
DEKALB, Illinois, March 8, 2007
Tegrant Corporation, formerly SCA Packaging North America, announced the completion of its sale to Metalmark Capital and the formation of a new company that will consist of four business units focusing on Consumer Packaging, Protective Packaging and Component Parts, Building Products and ThermoSafe Brands.
“I am happy to report that the sale of the SCA Packaging North America business to Metalmark Capital was completed today.” said Ron Leach, President and CEO of Tegrant Corporation. “This transaction completes the sale that was first announced on January 23rd. Tegrant is a name that is meant to strongly suggest integrity, both of the packaging and components we manufacture as well as the integrity of the people that produce them. These are indeed exciting times for the business, as we meet the challenges of 2007, and move forward with a new owner that is committed to financially supporting the exciting growth prospects for the company,” concluded Mr. Leach.
Tegrant’s management team will stay in place and is committed to continuing to grow the business into a world class corporation that continuously delights its customers.
Tegrant Corporation, formerly SCA Packaging North America, is a premier manufacturer of a variety of highly engineered packaging solutions and energy efficient building products. The new corporation has four business units with over 35 manufacturing and testing facilities across North America and approximately 2,100 employees. Metalmark Capital is an independent private equity firm whose principals have a long track record of successfully investing in a wide range of industries, including manufacturing, healthcare, financial services, energy and other natural resources.
