The Evansville, IN-based company produces a variety of products, including open top and closed top packaging, polyethylene-based plastic films, industrial tapes, medical specialties, flexible packaging, heat-shrinkable coatings, specialty laminates, and FIBCs.
The company told the SEC in a preliminary prospectus that it intends to use the proceeds from the offering partly to repay debt, according to reports. Following the offering, Apollo Funds will own about 53% of the company.
The company has completed 11 acquisitions in the past six years, including the beverage and specialty closures business of Rexam PLC and Filmco, a subsidiary of the UK-based Linpac Group and a manufacturer of PVC stretch film packaging.