Olympus Partners acquired Norwesco, a manufacturer of proprietary rotationally molded polyethylene tanks for agricultural, water, closed-top industrial, and below ground septic and cistern applications. Norwesco, which has 17 facilities in North America, will operate as a sister company with autonomous management and operations.
"We believe there is strong growth potential in
the North America rotational molding market and wanted to increase our presence
in the industry," stated Manu Bettegowda, Partner at Olympus Partners. "We have long admired the products and management of Norwesco
and see them as a perfect fit with Olympus. Their business philosophy and
vision are very consistent with ours and we expect to continue to grow the
November 1, 2008