InteliCoat Technologies, LLC, formerly Rexam Image Products, LLC, the precision coating division of Rexam PLC, announced the completion of the company's acquisition by private investment firm Sun Capital Partners, Inc. of Boca Raton, Florida. The consideration is (pound)42 million ($60 million), of which (pound)17 million ($25 million) is in loan notes. InteliCoat joins Sun Capital Partner's portfolio of approximately 30 companies with combined sales in excess of $3.0 billion.

With a 70-year legacy of designing, engineering, and manufacturing specialty coated products, InteliCoat will target the growing global need for high-performance precision materials. These include digital imaging substrates and such specialized materials as dry film resist, battery elements, and medical components.

The acquisition includes the organization's six manufacturing facilities in the United States and Europe, in addition to its sales and marketing offices and distribution locations in Australia, Europe, North America, and South America. The company employs approximately 800 people worldwide.

InteliCoat has two strategic business units, Digital Imaging and Electronic & Engineered Films. These units remain the primary sources of the company's market development and growth. In addition to its world-class contract coating capabilities, InteliCoat brings specialty coated manufactured products to market globally via agreements with original equipment manufacturers or private label distributors. The company also markets under its own brands, which include:

• Jet Set drafting papers & films   
• Magic graphic arts papers & films   
• My Project paper for educational applications   
• Proof It proofing papers   
• Unusuwalls digital wall covering   
• Inspire medical components   
• Reflex hardcoats   
• The Tecnilith family of products

A 12-year employee of the company, Vice President and General Manager R. Susan Hurt will head up the Digital Imaging business unit. The Digital Imaging unit creates products for the commercial digital printing industry, including wide and grand format media for the graphic arts and technical design segments in print-for-pay and in-plant operations. For desktop digital printing, the Digital Imaging unit manufactures and markets narrow format sheet media. Among its most recent developments are digitally printed wall coverings and specialty media for education markets.

The Electronic & Engineered Films business unit is led by Vice President and General Manager Stephen Polston, who has been with the company for more than 17 years. Electronic & Engineered Films provides contract coating services and branded products to the electronics, medical, and other high-tech industries. This unit has worked in close partnership with leading manufacturers the world over to develop and refine coating processes for flexible circuit laminates, battery components, conductive films, ceramic tapes, optically clear films, and medical components.

Tom Dickie is Managing Director of InteliCoat in Europe and is responsible for strategic direction in that region. He has been with the company for 13 years. InteliCoat's European operation constitutes one-third of the company's worldwide manufacturing facilities. InteliCoat is firmly committed to European markets and provides the region's manufacturers with technical expertise and advanced coating facilities. With a highly experienced, multi-discipline staff and a complete range of coating resources, the European-based business is crucial to InteliCoat's global strategy.