March 15, 2021: Wellspring Capital Management LLC (“Wellspring”), a New York-based private equity firm, today announced that it has closed the acquisition of Rohrer Corporation. Wellspring is a private equity firm headquartered in New York. Since their founding in 1995, they have invested in many platform investments and add-on acquisitions. This change in ownership is a great opportunity for Rohrer to move forward on many strategic plans to improve our operations.
Steve Wirrig, CEO of Rohrer Corporation, said, “Rohrer Corporation has found an excellent fit with Wellspring. We believe Wellspring shares our vision of delivering innovative retail packaging solutions. This partnership supports the continued growth of our business so we can provide industry-leading packaging solutions for our customers.”
The managing partners at Wellspring have described Rohrer as a “unique business in the retail packaging space given its scale and proficiency in manufacturing both paper and plastic substrates.” The Wellspring team believes Rohrer is well positioned to grow organically, and can become the consolidator of choice in the industry given its prior experience executing and integrating sizeable acquisitions.
Customers should expect a seamless transition. Wellspring intends to keep Rohrer’s existing management team and staff. Wirrig added, “Rohrer will continue to work as true partners to our customers, advancing the business of creating innovative packaging solutions to help you build your brand and bottom line.”
Rohrer believes true partners make the perfect package.
Wellspring Capital Management is a leading private equity firm headquartered in New York. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. Wellspring’s objective is to bring partnership, experience and value creation to each investment. By teaming up with strong management, Wellspring seeks to unlock underlying value and pursue new growth opportunities through strategic initiatives, operating improvements and add-on acquisitions. The firm functions as a strategic partner, providing management teams with top-line support, M&A experience, financial expertise and access to resources. For additional information, please visit WellspringCapital.com.