Main Tape Company, Inc.

Main Tape is a manufacturer of pressure sensitive tapes used to protect the surfaces of stainless steel and other metals during shipping.  Main Tape was one of two sister companies, the other being Main Steel Company, that collectively were known as the “Main Companies”.  Main Tape was a major supplier to Main Steel, providing Main Steel with a large percentage of the tapes used to protect metal surfaces during transit. 

The owners of the Main Companies engaged Grace Matthews to manage the divestiture of Main Tape and identified three goals for the transaction:  (1) a deal that was mostly cash, (2) an accelerated process, and (3) the negotiation of a supply agreement to ensure the continuity of tape supplies to Main Steel. 

Grace Matthews identified several qualified buyers who had the means and ability to close a transaction quickly.  After receiving several offers, Legg Mason Merchant Banking acquired Main Tape with senior financing provided by Harris Bank.  Grace Matthews was able to deliver on all three of the Main Companies’ goals and, from start to finish, the process took less than five months including the execution of the desired supply agreement.