BNET Industries
Last Fiscal Year Sales:$37.5M
- Private
- US
Dow Jones Description
Norwesco, Inc. is North America's leading manufacturer of proprietary rotationally molded polyethylene tanks for agricultural, water, closed-top industrial and below ground septic and cistern applications. Norwesco was founded in 1939 in St. Paul, Minnesota under the name of Northwest Plastics, Inc. The name was changed in 1973 and at that time Norwesco was ranked as one of the oldest and largest plastic processors in the United States. Norwesco had been a publicly traded company until January 1988 when Norwesco, Inc. was acquired and taken private by its management and private equity investors. Our current financial partners include Allied Capital Corporation and Stone Arch Capital LLC. During the last ten years we have significantly expanded our geographic presence through the addition of facilities throughout the United States and Canada. We currently operate 15 plants and are the fifth largest rotational molder in North America. We attribute our success to our commitment to the highest levels of product quality and customer service. Our objective is to continue to provide these valued attributes to our customers and thus maintain our position as the industry leader in the polyethylene tank market.
President & CEO
Thomas J. SmithNumber of Employees 200
Contact Information
4365 Steiner St
Saint Bonifacius, Minnesota 55375
(952) 446-1945
Peer Companies
NAICS Code Metal Tank (Heavy Gauge) Manufacturing: 332420
News & Analysis
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norwesco inc. and norwest equity partners - All News and Analysis
Norwest Equity Partners Sells Norwesco, Inc.; Leading Plastics Rotational Molder Sold to Allied Capital Corporation
MINNEAPOLIS -- Private equity firm Norwest Equity Partners ("NEP") announced today the sale of its portfolio company Norwesco, Inc. ("Norwesco" or "the Company"), a leading manufacturer of plastic agricultural and septic tanks, to Allied Capital Corporation ("Allied Capital"). Allied Capital (NYSE:ALD), a leading business development company, purchased Norwesco for $160...
Allied Capital Invests $162 Million in Norwesco, Inc
WASHINGTON -- Allied Capital Corporation (NYSE:ALD) announced today that it has invested $162 million to finance a management-led recapitalization of Norwesco, Inc. Allied Capital's investment took the form of senior debt, subordinated debt, junior subordinated debt and non-voting common equity. Management re-invested a significant portion of its equity ownership in...
Norwest Equity Partners Completes Recapitalization of Norwesco, Inc.; Strong Management Team Continues to Lead Portfolio Company's Growth
MINNEAPOLIS -- Norwest Equity Partners ("NEP") announced today the recapitalization of one of its portfolio companies, Norwesco, Inc., a leading manufacturer of plastic agricultural and septic tanks. The proceeds from the recapitalization provide a distribution for the Company's shareholders and funding for continued growth initiatives. Brockway Moran & Partners, a...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Thomas J. Smith | President & CEO |
| Paul Klaus | CFO |
| Janet Eriksson | |
| Mark Saporito | Support Technician |
| Richard Aronson | Sales Executive |
| Peter Brockway | Director |
| Organization | Position | Status |
|---|---|---|
| Norwesco, Inc. | President & CEO | Current |
| Organization | Position | Status |
|---|---|---|
| Norwesco, Inc. | CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Ricsoft | Current | |
| Norwesco, Inc. | Current | |
| Eastern Washington University | BA In Computer Sciences | Former |
Array
| Organization | Position | Status |
|---|---|---|
| Ricsoft | Current |
| Organization | Position | Status |
|---|---|---|
| Norwesco, Inc. | Sales Executive | Current |
| Organization | Position | Status |
|---|---|---|
| Brockway, Moran & Partners, Inc. | Managing Partner | Current |
| Electro Star | Director | Current |
| Norwesco, Inc. | Director | Current |
| Penda Corporation | Chairman | Former |
| IBC Group Inc. | Vice Chairman | Former |
| The Woodstream Corporation | Chairman | Former |
| Gold's Gym - Tallahassee | Chairman | Former |
| Harvard Business School | MBA | Former |
| Stetson University | BA | Former |
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