Rowmark Acquires Triline- Feb 2010
Prior Investment-FUND II
Acquisition date: December 31, 2006
Disposition date: September 30, 2013
Manufacturer and marketer of specialty plastic sheet and related products for the awards/recognition, engraving and signage markets
Based in Findlay, Ohio, Rowmark, LLC ("Rowmark") specializes in the manufacture of thin gauge plastic sheet, which can be engraved to produce signage, name plates and tags, trophy plaques and other products. Rowmark is a dominant producer of plastic sheet for these applications in North America and has a growing share of these products worldwide.
In late 2003, Rowmark capitalized on its expertise in plastic sheet extrusion to launch Premier Material Concepts, a rapidly growing division which produced custom extruded sheet products for a variety of niche industrial and consumer applications.
Clearview’s investment allowed the non-management family shareholders to liquidate a majority of their equity stake while still maintaining minority equity stake in the newly formed entity. Clearview was chosen by the management shareholders due to our prior experience in the industry and our willingness to work closely with management to execute its organic and acquisition growth plan.
The transaction closed on December 31, 2006. Clearview invested equity from Clearview Capital Fund II, LP. Senior debt was provided by Comerica Bank and mezzanine financing by Wells Fargo.
Clearview sold Rowmark to Bertram Capital on September 30, 2013.
Add-on Acquisitions Completed:
Tromark was established in 2003 as a joint venture between Rowmark and Trodat GmbH, to market Rowmark’s plastic engraving sheet line throughout Europe, the Middle East and Africa
Troy Industries, Inc.
Manufacturer of decorative films used in plastic laminating applications
Delmar Products, Inc.
Supplier of laminated sheet materials to the awards, engraving and signage industry
Triline Sign Systems
Supplier of sign systems and components to sign makers around the world
Southtech Plastics, Inc.
New Bern, NC
Specializes in extruded sheet and film lamination development projects