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News

Expansion/Acquistions...Olympus Partners

November 1, 2008

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 business.”

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