In mergers and acquisition news out of the United States this week, label converter and printer Cenveo acquired Gilbreth Packaging Solutions, a converter of full body shrink sleeves and other flexible packaging, in a deal on the East coast. On the shores of the Pacific, meanwhile, Rotonics Manufacturing Inc.'s plans to close its rotomolding facility in Gardena, CA were halted after it was able to sell the operation to Sherman McKinnis, the man who actually founded the company in 1973.
First, Cenveo (Stamford, CT) acquired Impaxx Inc., the sole owner of Gilbreth Packaging Solutions Inc. from affiliates of Aurora Capital Group, a Los Angeles private equity firm. Gilbreth employs about 75 at its facility in Croydon, Pennsylvania, where it uses multiple printing technologies as a full-service manufacturer and marketer of full body shrink sleeves, tamper evident neck bands and medical & electronic tubing. Gilbreth's 150+ customers operate in a wide variety of industries with an emphasis on the personal care, pharmaceutical, nutraceutical, energy drink and food and beverage markets. The terms of the transaction were not disclosed....