Charter Next Generation, Inc.

Charter Next Generation, Inc. is a leading manufacturer specializing in innovative specialty films and sustainable material science solutions that enhance food freshness and promote eco-friendly practices across multiple industries. Founded in 1989 in Chicago, US, Charter Next Generation, Inc. focuses on the production of specialty films for various applications.

The company has undergone significant changes in its ownership, with a Secondary Buyout led by Leonard Green & Partners, raising USD 1,500. 00 mn in May 2021. Kathy Bolhous serves as the CEO, bringing extensive experience to the role. Charter Next Generation specializes in producing specialty films and sustainable material science solutions that extend food shelf life, enhance indoor environments, and support eco-friendly initiatives.

Their diverse offerings include films for perishables, eco-friendly packaging, and materials for construction and agriculture, serving clients in North America, Europe, and selective Asian markets. The company generates revenue through B2B partnerships, particularly in food distribution, healthcare, and construction sectors. Sales are driven by direct contracts with clients who seek tailored specialty films and services. Charter Next Generation's revenue is influenced by consistent demand for their eco-friendly packaging solutions and innovative materials that support sustainability efforts.

Following the recent acquisition in May 2021, Charter Next Generation aims to leverage the investment to expand its leadership in specialty films. The company plans to introduce new products targeting sustainability challenges and intends to explore opportunities in new geographic regions, enhancing its presence in existing markets and entering new ones. The funding will be utilized to support product development and expansion initiatives.