Mallace Industries Announces Closing of Its Sale
By: VR Mergers & Acquisitions
Mallace Industries is a manufacturer of specialized printing equipment and associated supplies for printing directly on corrugated cartons and of coated stencils used for etching numbers on metal parts. The firm is located in a 20,000 square-foot facility in Clinton, CT.
After 30 years of ownership, Mark Bertelsen and his partners hired VR to find a buyer who would continue the company's product lines. VR introduced them to the buyer, Robert Barrett, who after a twenty-year career in IT the last of which was with IBM, was looking for an opportunity to run his own business. Barrett commented, "I am confident that this acquisition is a perfect fit and will provide great opportunities for growth and profitability"
Jeff Swiggett, President of VR Mergers & Acquisitions, commented that "We were very pleased to assist Mark and his partners in this transaction and quite honored to have been trusted with managing the sale. They built a great, niche manufacturer and we wanted to make sure we secured the right buyer which we did with Robert."
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