In a deal between two thermoforming firms, Rohrer Corp. of Wadsworth, Ohio, has bought Buckell Plastic Co. Inc. for an undisclosed price.
Acquiring Lewistown, Pa.-based Buckell will allow Rohrer to strengthen its position in the visual packaging market, officials said in a Jan. 4 news release.
Buckell “is a well-run company with products and customers that complement our current book of business,” Rohrer President and CEO Scot Adkins said in the release.
Buckell has annual sales of about $3.5 million. Its 50,000-square-foot Lewistown plant — which makes custom thermoformed packaging for medical, food, retail and other markets — will join Rohrer plants in Wadsworth; Buford, Ga.; and Huntley, Ill.
This marks the first deal for Rohrer since private equity firm ShoreView Industries of Minneapolis bought controlling interest in the firm in early 2010. Rohrer makes thermoformed blister packaging as well as paper cardstock for blisters and folding paper cartons. ShoreView owns four other plastics-related businesses.
Rohrer reported thermoforming sales of almost $21 million for the year ended May 31, representing about 28 percent of total sales. Rohrer employs about 100 in its thermoforming operations.
Buckell had been owned by the Schell family. Clarence Schell founded the firm in 1964. Brian Schell, Clarence's son, now serves as president of the firm.
Rohrer and Buckell had competed in some markets, but Buckell had been more active in the medical field, Rohrer spokesperson Alane Updegraff said by phone Jan. 6.
Existing Buckell management, including Brian Schell, will remain with the firm. Buckell employs about 35.
Rohrer “is looking to make more acquisitions of strong companies that are managed well,” Updegraff added.