Rowmark LLC, which extrudes thin-gauge and multilayer sheet for awards, engraving and signage applications, on July 17 bought the engravable sheet division of Delmar Products Inc. of Kensington, Conn. Terms of the deal were not disclosed.
In a July 23 telephone interview, Delmar owner and President John DiMugno said his company gave up the engravable sheet division to focus on its other businesses, which include flooring and point-of-purchase displays. The firm, founded in 1965, is well-known in the music industry for its line of laminated drum wraps and guitar picks.
The vast majority of engravable product had been shipped to one customer, engraving supplier Gravograph Inc. of Duluth, Ga., DiMugno said.
The problem was that we were almost an exclusive supplier to Gravograph. We had no control on marketing of that line, he said.
According to Rowmark spokeswoman Jennifer Schoenberger, the Findlay, Ohio, company will get Delmar's entire inventory of engravable laminate sheet made of acrylic or ABS one hydraulic laminating press and some auxiliary machinery as part of the acquisition.
It is our intent that Delmar's customers will continue to receive the high quality products that they have come to expect, said Rowmark President and CEO Duane Jebbett in a July 21 news release.
DiMugno and Schoenberger acknowledged that the economic recession played a part in the deal.
We are optimistic about the future and in growing our capabilities, so we're trying to seize these opportunities when they're presented to us, rather than hunkering down, Schoenberger said by phone.
Rowmark has extensive knowledge and experience in the engraving markets Delmar serves, which makes this a natural transition, DiMugno said in the release.
According to its Web site, many of Delmar's materials are produced using the firm's block process, in which molded bocks of cellulose nitrate, cellulose acetate or vinyl are hand-cast with three-dimensional patterns and then sliced into thin sheets that can be laminated to rigid PVC or acrylic films.
DiMugno said he has 15 employees. The firm does not disclose sales. It also does not give sales or employment figures.
Rowmark recently added a sixth resin silo to its 75,000-square-foot Findlay plant in Findlay, which houses extrusion, off-line and press hot stamping and laser engraving.
Founded in 1987 as the sheet division of pipe extruder Hancor Inc., Rowmark and its custom extrusion business, Premier Material Concepts, were acquired in 2006 by management from the founding Kremer family with backing from Clearview Capital LLC of Old Greenwich, Conn.
Rowmark in October took full ownership of Tromark SAS, which was established in 2003 as a joint venture between Rowmark and rubber stamp maker Trodat GmbH of Wels, Austria, to market Rowmark's engravable sheet line in Europe, the Middle East and Africa.
Clearview Capital also owns flat, thick-gauge extruder Compression Polymers Group/Vycom of Moosic, Pa., and Troy Industries Inc. of Trenton, N.C., a maker of decorative laminate hot-stamp films.
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