Next Generation Films, Charter NEX Films join forces to lead specialty films market
The combined company will have 11 manufacturing plants and more than 100 extrusion lines in Ohio, Wisconsin, South Carolina and Massachusetts.
Next Generation Films, Lexington, Ohio, and Charter NEX Films, Milton, Wis., announced plans to join forces, creating a new platform focused on leading the specialty films market.
Private equity firms Leonard Green & Partners, L.P. (LGP), Los Angeles, and Oak Hill Capital, the New York-based owner of Charter NEX, completed a definitive agreement with Dave Frecka, founder, owner and CEO of Next Generation Films, Inc., to combine the companies. Frecka will continue as CEO of Next Generation Films. Kathy Bolhous will continue as chief executive officer of Charter NEX Films.