Middle market investment firm that focuses on private equity and mezzanine investments, Graycliff Partners LP, announced the transfer of its ownership over Rutland Plastic Technologies Inc. Rutland manufactures plastisol, an ingredient in screen printing inks and industrial applications.
The transfer was made to the Riverside Company and the financial details were not disclosed.
According to Graycliff Partners Managing Director Jim Marley, "We are pleased to have partnered with the management team at Rutland to further expand the company's product offerings and global footprint. Rutland's state of the art technologies, strong customer relationships and track record of innovation in plastisol inks have driven the company's growth."
Rutland CEO Hal Crownover, "Graycliff has been an excellent partner in helping us develop and grow our business. Rutland has been a long respected industry name with a loyal customer base. The support and commitment provided by Graycliff Partners helped us build a more diverse brand portfolio and increase market share. We look forward to continuing to focus on being the highest quality provider of custom inks."
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