Wellspring Capital Management, a New York-based private equity firm, has closed the acquisition of Rohrer Corporation, a leading retail-packaging designer and manufacturer.
Matthew Harrison, a managing partner, Wellspring, said, “We are thrilled to begin our partnership with Rohrer. Rohrer represents a highly compelling investment opportunity in the consumer packaging space led by an exceptional management team. The transaction is an attractive extension of Wellspring’s packaging sector investment strategy.”
John Morningstar, a managing partner, Wellspring, said, “We believe Rohrer is a unique business in the consumer packaging space given its scale and proficiency in manufacturing both paper and plastic substrates. The company is well positioned to grow organically, and we believe it can become the consolidator of choice in the industry given its prior experience executing and integrating sizeable acquisitions.”
Steve Wirrig, CEO of Rohrer Corporation added, “Rohrer has found an excellent fit with Wellspring. We believe Wellspring shares our vision of delivering innovative consumer packaging solutions. This partnership supports the continued growth of our business so we can provide industry-leading packaging solutions for our customers.”
Rohrer Corporation will retain its CEO, its existing management team and employees, and will continue to operate out of the Wadsworth, Ohio, headquarters and seven additional manufacturing facilities.