Bertram Capital has acquired Webex, a supplier of rolls and machinery modules used in web handling and converting processes. This transaction closed in December 2012.
Webex – along with its subsidiaries Fox Machining, Magnat-Fairview and PFE Rolls – designs and manufactures custom rolls, machinery and components for a diverse set of customers and manufacturing sectors including: flexible packaging, paper, consumer products, food and beverage, aerospace, pharmaceutical and health care, alternative energy, and general industrial. The company operates four manufacturing facilities located in Wisconsin and Massachusetts. Webex is headquartered in Neenah, WI (www.webexinc.com).
Gary Edwards, a business leader specializing in the strategic development of global industrial companies, has been named CEO of Webex. Mr. Edwards assumed the CEO position effective February 1, 2013. Prior to joining Webex, Mr. Edwards was CEO of Extrusion Dies Industries, a supplier of extrusion dies to the plastics processing industry with plants in North America, Europe and Asia.
“Webex is a leading supplier of rolls and specialized machinery modules for a broad range of web handling and converting processes,” said Mr. Edwards. “The company is focused on product innovation and continual investment in manufacturing process development. Our adherence to stringent quality standards and commitment to supporting customers long after the sale has been completed, has earned Webex recognition as the benchmark brand. The company is well positioned for even faster growth in the future.”
Bertram Capital invests in middle-market business services, consumer, healthcare, industrial and technology companies. Bertram is currently investing out of its $500 million second fund and typically allocates $25 million to $100 million to each investment. Since the firm’s inception, Bertram has managed in excess of $850 million in committed capital and has completed 10 platform investments and 14 follow-on acquisitions. The firm is located in San Mateo, CA (www.bertramcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-8-13
