Teepak was a leading manufacturer of cellulose and fibrous casings for the processed meat industry with about $200 million in revenue. The company was based near Chicago with operations in the U.S., Belgium, Netherlands, Czech Republic and Mexico. Lake Pacific purchased Teepak from Devro, plc, a London Stock Exchange listed company.
We exited the North American Operations via sale to Viscofan, a publicly traded manufacturer of cellulose and collagen casings. Subsequently, we exited the European Operations via sale to Visko Holdings, a manufacturer of fibrous casing and a portfolio company of Eriksson Capital.