Description of Neptune Insurance Holdings Inc's Business Segments
Filtration media for transportation including induction air, fuel, oil, and
cabin air applications. Transportation filtration media are sold to suppliers
of automotive companies as original equipment on new cars and trucks as well
as to the automotive aftermarket, which represents the large majority of sales.
This business is primarily in Europe.
Filtration media for water and other industrial end markets. Primary applications
include reverse osmosis, catalytic conversion, nanofiltration, ultrafiltration,
pervaporation and vapor permeation, as well as other applications for specialty
markets.
Specialty backings including a) saturated and unsaturated crepe and flat paper
tapes sold to manufacturers to produce finished pressure sensitive products
for sale in automotive, transportation, manufacturing, building construction,
and industrial general purpose applications, including sales in the consumer-do-it-yourself
retail channel and b) coated lightweight abrasive paper used in the automotive,
construction, metal and woodworking industries for both waterproof and dry sanding
applications.
Label and tag products made from both saturated base label stock and purchased
synthetic base label stock, with coatings applied to allow for high quality
variable and digital printing. The synthetic label stock is recognized as a
high quality, UV (ultra-violet) stable product used for outdoor applications.
Label and tag stock is sold to pressure sensitive coaters, who in turn sell
the coated label and tag stock to the label printing community.
Other latex saturated and coated papers for use by a wide variety of manufacturers.
Premask paper is used as a protective over wrap for products during the manufacturing
process and for applying signs, labeling and other finished products. Medical
packaging paper is a polymer impregnated base sheet that provides a breathable
sterilization barrier that provides unique properties. Image transfer papers
used to transfer an image from paper to tee shirts, hats, coffee mugs, and other
surfaces using a proprietary imaging coating for use in digital printing applications.
Publishing and security papers used to produce book covers, stationery, fancy
packaging and passports. Other specialty products include clean room papers,
durable printing papers, release papers and furniture backers.
Fine Paper and Packaging. Our fine paper and packaging business manufactures
and sells world-class branded premium writing, text, cover and specialty papers
and envelopes used in corporate identity packages, advertising collateral, premium
labels and packaging, and wide format applications. Often these papers are characterized
by distinctive coating, finishing, colors, and textures. Our fine paper and
packaging business had net sales of $443 million, $436 million and $428 million
in 2015, 2014 and 2013, respectively.
Commercial printing papers include premium writing, text and cover papers,
and envelopes. Uses include advertising collateral, stationery, corporate identity
packages and brochures, pocket folders, annual reports, advertising inserts,
direct mail, business cards, scrapbooks, and a variety of other uses where colors,
texture, coating, unique finishes or heavier weight papers are desired. Our
market leading brands in this category include CLASSIC®, CLASSIC CREST®,
ESSE®, ENVIRONMENT®, CAPITOL BOND®, ROYAL SUNDANCE®, SOUTHWORTH®,
and TOUCHE® trademarks. Our fine paper and packaging business has an exclusive
agreement to manufacture, market and distribute Crane & Co.s CRANES CREST®,
CRANES BOND®, and CRANES LETTRA®, branded fine papers in the commercial
print category. Our fine paper and packaging business has an exclusive agreement
to market and distribute Gruppo Cordenons SpAs SO...SILK®, PLIKE® and
STARDREAM® branded fine papers in the U.S. and Canada. The fine paper and
packaging business also sells private watermarked paper and other specialty
writing, text, and cover papers. Additionally, the fine paper and packaging
business provides leading solutions in the wide format arena, led by its Neenah
Wide Format® and CONVERD® brands.
Premium packaging and label papers are used for wine, spirits and beer labels,
folding cartons, box wrap, bags, hang tags, and stored value cards servicing
high-end retail, cosmetics, spirits, and electronics end-use markets. Our market
leading brands in these categories include NEENAH® Folding Board, "ESTATE
LABEL®, Neenah® Box Wrap, PELLAQ®, KIVAR®, SKIVERTEX®, ILLUSIO®,
and SENZO®.
Bright papers are used in applications such as direct mail, advertising inserts,
scrapbooks and marketing collateral. Our brands in this category include ASTROBRIGHTS®
and CREATIVE COLLECTION™. Additionally, business papers for professionals
and small businesses are sold under our Southworth® brand through major
retailers.
The fine paper and packaging business also produces and sells other specialty
papers that address a consumers need for enhanced image such as translucent
papers, art papers, papers for optical scanning and other specialized applications.
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