Selig Sealing Products acquired by equity firm CC Industries
August 11, 2015 by Canadian Plastics
In a bid to extend its portfolio of manufacturing companies, private equity firm CC Industries has acquired Selig Sealing Products, a maker of tamper-evident cap and closure lining materials.
The terms of the deal have not been disclosed. As part of the acquisition, Selig will operate as a standalone entity.
Selig was previously owned by Behrman Capital.
Founded in 1889, Selig is headquartered in Forrest, Ill., and also operates from Aurora, Ont., the UK, and Switzerland. It designs and produces highly engineered closure liner solutions for food, beverage, pharmaceutical, healthcare, personal care and industrial applications. The company also manufactures specialised laminated films, which are used in a variety of food, consumer and military applications.
“CCI will be an ideal partner to support management for the next phase of Selig’s growth,” said Selig president and CEO Steve Cassidy. “With CCI’s operational and financial expertise, we will continue to focus on improving Selig’s industry-leading quality manufacturing, innovative product development and exemplary customer service.”