Main Tape merges with Filmtech and CST Special Tapes
On April 28, 2009, Main Tape, a portfolio company of Calvert Street Capital Partners ("Calvert Street"), merged with Filmtech and CST Special Tapes, creating the largest independent manufacturer and distributor of branded surface protection films, paper and related products in the Eastern US. The combination uniquely positions the Company for continued growth in its core markets and extends its product offering into new markets and applications.
Main Tape, headquartered in Cranbury, NJ, is a manufacturer of surface protection films and pressure sensitive application paper tapes distributed into the construction, automotive, OEM industrial and graphics/signage markets. Filmtech, with its historical headquarters and primary operations in Parsippany, NJ and distribution facilities in Ohio, California, and Florida, serves three distinct specialty markets: construction, automotive repair, and OEM industrial.
Filmtech’s co-owner and President, Walter Gotsch, now the CEO and President of the combined companies, said “This transaction creates a formidable competitor combining low cost, high quality manufacturing with a branded product strategy that is uniquely positioned to serve customers across a wide range of markets. Working with Calvert Street was a very smooth process on this initial merger, and I look forward to working with them on the build out of our strategy in the surface protection market.”
To that end, Main Tape and Filmtech seek strategic add-on acquisitions with the following characteristics:
• Manufacturers and distributors of branded surface protection and graphic
application film, tape and ancillary products
• Sales of at least $10 million serving industrial, construction, graphic, packaging
and automotive aftermarkets with a particular focus on defensible, recurring
demand and specialty niche markets