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Wadsworth-based Rohrer has a new private equity owner
FRANK ESPOSITO/PLASTICS NEWS
Print
Rohrer Corp., a maker of plastic and paper packaging, has been sold to private equity firm Wellspring Capital Management LLC for an undisclosed price.
Wadsworth-based Rohrer had been owned by ShoreView Industries of Minneapolis. ShoreView, along with company management, sold the firm.
Rohrer makes thermoformed plastic consumer packaging and paperboard, including graphically intensive blister, skin, folding carton and clamshell packaging, officials said in a news release. The firm has annual sales of $200 million, with about half of it coming from thermoforming, according to Plastics News data.
Officials said Rohrer s sales have roughly tripled since 2009, when ShoreView invested in partnership with the Rohrer family. Under ShoreView, Rohrer completed four add-on acquisitions, made significant investments in production equipment and hired new senior leadership as part of a planned transition