The Riverside Company has acquired Rutland Plastics, a provider of screen printing inks for the apparel industry and plastisol compounds used in coating, moulding and other applications for automotive and industrial customers.
Rutland has more than 1,100 active ink customers globally. The company’s customers and end-users range from global apparel leaders and large ink distributors to local print shops. Rutland was founded in 1962 and is based in Pineville, North Carolina.
“Rutland’s deeply loyal customers are a testament to the company’s premium products and strong technical support and customer service,” says Riverside partner Tim Gosline. “The company serves dynamic and diverse customers, constantly innovating to create superior products and meet increasingly demanding requirements.”
In addition to its headquarters, Rutland has three other locations in North America and international locations in the UK, Peru and India.
Riverside intends to grow Rutland and drive continued market share gains by capitalising on the company’s broad product offering and proven product development and technical service capabilities, which will become more important as the screen-printing industry transitions towards newer, more environmentally friendly products.
BMO Harris Bank and GE Antares Capital provided senior financing and PNC Erieview Capital provided mezzanine financing for the transaction. Jones Day advised Riverside on the investment.
