|
|
Intelicoat Technologies - 12/18/2007
InteliCoat Technologies Acquires The Museo Family Of Digital Fine Art
Papers Frome Crane & Co.
South Hadley, MA (December 18, 2007) - InteliCoat Technologies, Inc. (InteliCoat), a world leader in the
manufacture of coated paper, film, and specialty substrates for digital imaging technologies, today announced
the acquisition of Museo Digital Printmaking Papers from Crane & Co., the premier U.S. maker of fine papers for
social and business correspondence. The acquisition of the Museo family of digital fine art papers solidifies
InteliCoat’s commitment to building upon its leadership in the digital fine art and photo industry. InteliCoat is
an affiliate of Sun Capital Partners, Inc., a leading private investment firm specializing in leveraged buyouts
and investments in market-leading companies. Terms of the acquisition were not disclosed.
Targeted toward professional, semi-professional, and prosumer photographers and artists who produce digital
originals or reproductions using ink jet technology, Museo provides world-class image quality manufactured to
archival standards (Library of Congress, ISO) with all products being 100% cotton, internally buffered, and
containing no optical brighteners.
"InteliCoat has earned a reputation for producing innovative, highly productive digital imaging products,
including the market-leading Magic® brand of wide format ink jet media and Magiclée® brand of digital fine
art and photo papers," said Joe Lupone, President and CEO, InteliCoat Technologies. "By partnering with
Crane, now in its seventh generation of manufacturing the finest cotton paper, InteliCoat can bring together
the strengths and expertise that exist within both organizations to continue to deliver a diverse range of media
alternatives, which meet the needs of the most discriminating artists."
The acquisition is the latest development in InteliCoat’s strategy of focusing on its core competencies with
respect to the global product development, manufacturing, and marketing of digital imaging media. The
addition of the Museo line highlights InteliCoat’s commitment to expanding its investment in new product
development and better servicing its customer base in the rapidly growing digital fine art and photo market.
The acquisition will benefit Museo customers by combining the best technologies and practices of the two
organizations, as well as delivering enhanced manufacturing, converting and distribution efficiencies.
InteliCoat and Crane & Co. are implementing a comprehensive transition strategy to ensure the uninterrupted
availability of products and services to the customer bases of each company.
www.magicinkjet.com
|
|
|
