Rowmark LLC, a portfolio company of Clearview Capital, has acquired the engravable products division of Delmar Products Inc. No financial terms were disclosed.
Rowmark, LLC, a portfolio company of Clearview Capital Fund II, LP of Old Greenwich, CT, has acquired the engravable products division of Delmar Products, Inc., effective at the close of business on July 17, 2009.
Delmar, based in Berlin, CT, was established in 1965, and has been a supplier of laminated sheet materials to the awards, engraving and signage industry for 20 years. The company is one of a limited group worldwide that produces engravable plastics using press-laminate technology.
Rowmark will consolidate the production of the Delmar products within their manufacturing operation located in Findlay, OH. Rowmark’s state-of-the-art facility houses multiple extrusion lines, press and off-line hot stamping equipment. The acquisition will extend Rowmark’s lead as the largest producer of engraving products worldwide.
“Delmar and Rowmark share the same business philosophy of providing quality products at an outstanding value,” said Rowmark President and CEO Duane Jebbett. “It is our intent that Delmar’s customers will continue to receive the high quality products that they have come to expect. This acquisition will enhance the customer’s experience, by bringing a high level of manufacturing capabilities, product innovation, technology and service.”
“The acquisition of Delmar is the fourth add-on acquisition we have completed for Rowmark over the past year and it continues our strategy of broadening the company’s product offering and extending its geographical reach,” said James G. Andersen, Managing Partner of Clearview Capital. “We hope to continue to build on our market leading position with additional acquisitions in the engraving business and in related segments.”