FINDLAY, OHIO (July 13, 3:20 p.m. ET) — Rowmark LLC has bought the assets of Southtech Plastics Inc., a New Bern, N.C.-based maker of decorative plastic sheet, and will merge the operation into Rowmark's plant in nearby Trenton, N.C., in a deal announced July 12.
“We've worked together on various projects for a long time,” said Duane Jebbett, president and CEO of Rowmark, in Findlay, Ohio. Southtech specializes in film and sheet lamination to serve a range of markets including the marine, automotive, furniture, office supply, recreational vehicle, heavy truck and point-of-purchase markets.
Rowmark makes engravable plastic sheet for the awards, engraving and signage markets.
Terms were not disclosed.
Rowmark bought Southtech's Trenton plant in 2009 and renamed it Color Path Technologies. The facility makes decorative laminations and hot stamp films.
Southtech President Bill Cohn will remain as vice president and general manager of the business, which now will be called Southtech Decorative Laminations. It will operate as a division of Rowmark. The combined operation will specialize in extruded sheet and film lamination.
Cohn said the company's 16 employees will move to the plant in Trenton, which is about 20 miles from New Bern.
“There are a lot of synergies between the two companies. It's been a long time coming,” Cohn said. “At this point, we thought it would be good to combine these things and aggressively go after the markets we serve.” That is better done in one facility, he said.
Rowmark has made a series of acquisitions in the last few years, “What Rowmark's trying to achieve is to be a world class decorative plastics platform,” Jebbett said.
Southtech brings Rowmark a manufacturing location in the southeastern United States, and a group of people who are experienced in film lamination, according to Jebbett. “They have tremendous lamination capabilities and technology,” he said.
Southtech had extruded its own sheet on one coextruded sheet line. But Southtech Decorative Laminations will not be moving that sheet line to Trenton, because all its sheet will come from Rowmark's sheet extrusion division in Findlay, Premier Material Concepts.
PMC is marking a major sheet capacity expansion with an open house July 14 and 15 to introduce a sheet line that can produce sheet up to 10 feet wide. PMC, which shares the plant with Rowmark, has added a 20,000-square-foot expansion to house the big line, dubbed The Beast.