Webex, Inc., a leading manufacturer of precision engineered rolls and custom converting machinery used in web converting, packaging and printing applications has been acquired by Bertram Capital, a private equity firm based in San Mateo, CA. The acquisition marks Bertram’s second platform investment and third transaction in the plastic processing and web handling equipment industry. Bertram recapitalized the company from a group of investors which included members of the management team and Chicago, IL-based private equity firm Wynnchurch Capital.
“I am thrilled with the opportunity to partner with Bertram and to leverage their resources and operational knowledge within the processing equipment industry and across global industrial companies,” says Joseph Varkoly, COO. “This partnership will help position the company for accelerated growth through both organic and acquisition-focused initiatives and will enable us to continue to provide best-in-class products and services to our growing customer base.”
Webex designs and manufactures precision rolls, custom machinery and related components for a highly diverse set of customers and manufacturing sectors including: flexible packaging, paper, consumer products, food and beverage, aerospace, pharmaceutical and health care, and alternative energy. The company operates four manufacturing facilities located in Wisconsin and Massachusetts.
“Webex is the leading supplier of precision rolls and specialized machinery for a broad range of web handling and converting processes with a strong brand presence supported by unparalleled engineering and manufacturing capabilities,” says Kevin Yamashita, partner at Bertram. “The company's compelling value proposition is evidenced by its deep and long-standing customer relationships with many of today’s top producers and manufacturers. We look forward to building upon the strong foundation Webex has established and further enhancing its leadership position in the marketplace.”