Transilwrap's managers acquire its assets.

Position:INDUSTRY NEWS - Transilwrap Company Inc. - Brief Article
 
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Transilwrap Company Inc., a 73 year old manufacturer of coated plastic films based in Franklin Park, IL, USA, has been acquired by its management. Headed by President Mark Stevens, the nine-member management group purchased the company from the founding families of Sabra Minkus and Herb Drower with financing provided by its senior lender.

"We felt strongly that we needed to execute a succession plan that did not disrupt the cultural continuity of the company," says Drower, the former president. "This arrangement provided for the ideal transition of the company to the next generation." He and Minkus remain employees and directors of the...

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