Rose City Printing and Packaging is Sold to Graphic Packaging
Chattanooga, TN, January 2, 2015
River Associates Investments, LLC (“River”), a leading lower middle market private equity firm based in Chattanooga, TN, announced the completion of the sale of Rose City Printing and Packaging, Inc. (“Rose City”), to Graphic Packaging, Inc.
Rose City is one of the largest and fastest growing specialty printing and packaging converters in the western U.S. The Company manufactures folding cartons and beverage carriers for over 180 leading food, beverage, nutrition, and consumer products companies and has differentiated itself by providing superior service to its customers.
Steve Lobis, CEO of Rose City, said, “With River’s support, we have achieved strong organic growth in our core food and beverage markets. We made significant investments in capital equipment and in our team. These investments have all solidified Rose City’s position as a trusted partner to its customers.”
“Throughout our ownership of Rose City, the company’s management team did an excellent job building the business organically,” said Jim Baker, Managing Partner at River Associates. “We are very proud to have had the opportunity to partner with this management team and help the company through a phase of rapid growth.”