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InteliCoat Technologies Sells Its Electronic and Engineered Films Business to Exopack
South Hadley, Massachusetts, and Spartanburg, South Carolina, USA, 06 August 2007 -- /PRNewswire/ -- InteliCoat Technologies, a global leader in the manufacture of coated paper, film, and specialty substrates for imaging, medical, optical, and electronic technologies, today announced that InteliCoat has sold its Electronic and Engineered Films (EEF) business unit to Exopack Holding, Inc., a leading North American flexible packaging converter and provider of paper and plastic packaging solutions for the food, industrial, and medical industries. InteliCoat and Exopack are affiliates of Sun Capital Partners, a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies. Terms of the transaction were not disclosed.

Joe Lupone, president and CEO, stated, "The sale of our Electronic and Engineered Films business unit will allow InteliCoat to focus on its core competencies with respect to the global product development, manufacturing, and marketing of digital imaging media... and solvent ink jet media and will position InteliCoat to better service its worldwide digital imaging customer base, expand our investment in new product development, and pursue new opportunities globally in this growing market."

This new acquisition by Exopack will be renamed Exopack Advanced Coatings(TM) and will maintain its operations in Matthews, North Carolina, USA, and north Wales in the United Kingdom. They will continue to develop and manufacture coated and laminated substrates for applications in printed wiring boards, flexible circuits, optical films for displays, high temperature, conductive and shielding tapes, components for wound dressings, and ostomy products.

Exopack Advanced Coatings will provide Exopack a gateway into new markets, as well as its first owned and managed facility in Europe. "We are very excited about this opportunity to expand our products and capabilities portfolio and strengthen the presence of the Exopack brand in the global marketplace," said Jack Knott, Exopack president and CEO.

About Exopack Holding Corp.

With 17 production facilities strategically positioned across North America and the United Kingdom, as well as a global network of alliance partners, Exopack is an established leader in the development, manufacture, and sourcing of paper and plastic flexible solutions for various consumer and industrial end-use markets. For more information, visit www.exopack.com.

About InteliCoat Technologies, Inc.

InteliCoat Technologies, Inc. is a global leader in the manufacture and marketing of digital imaging media for OEM, dealer, and private label customers. Headquartered in South Hadley, Massachusetts, InteliCoat operates two manufacturing facilities in the United States with sales and marketing operations in the United States, The Netherlands, and South America. For more information, visit: www.InteliCoat.com.

About Sun Capital Partners, Inc.

Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 155 companies worldwide with combined sales in excess of USD 35.0 billion since Sun Capital's inception in 1995. Sun Capital has offices in Boca Raton, Florida; Los Angeles, California; and New York, New York, USA, with affiliates in London, UK; Tokyo, Japan; and Shenzhen, China. For more information, visit www.SunCapPart.com.

Source: InteliCoat Technologies, Inc.

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