Private equity firm CC Industries has acquired tamper-evident cap and closure lining materials manufacturer Selig Sealing Products for an undisclosed amount.
The acquisition is in line with CCI's efforts to expand its portfolio of industry-leading manufacturing companies.
Selig Sealing Products was previously owned by Behrman Capital.
Founded in 1889, Selig Sealing operates from Canada, the UK, Switzerland and the US, where it designs and produces highly engineered closure liner solutions for food, beverage, pharmaceutical, healthcare, personal care and industrial applications.
Selig also manufactures specialised laminated films, which are used in a variety of food, consumer and military applications.
Its products such as Alphaseal, Aroma Peel, Deltaseal, Duoseal, FoilSeal Lift 'n' Peel, Quadraseal, Safe-Gard, Top Tab, UniFoam and Uni-Gardare claims to extend product shelf life, while providing tamper evidence, counterfeit deterrence and brand identification.
Selig's seals are found on over-the-counter products such as pain relievers and nutraceuticals, on food and beverage packages such as peanut butter, ketchup, instant coffee and sports drinks, as well as on automotive and other industrial products.
As part of the acquisition, Selig will operate as a standalone entity.
Selig Sealing Products president and CEO Steve Cassidy said: "CCI will be an ideal partner to support management for the next phase of Selig's growth.
"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."
Image: Selig Sealing produces tamper-evident cap and closure lining materials. Photo: courtesy of J.smith via Wikipedia.