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. - All News and Analysis
Norwest Mezzanine Partners Invests $40 Million in Norwesco
- 2008-10-07
Transaction Marks First Investment Partnership for NMP and Olympus Partners MINNEAPOLIS -- Norwest Mezzanine Partners NMP, a leading middle market mezzanine investor, today announced that it has invested $40.6 million in subordinated debt and equity to support Olympus Partners' acquisition of Norwesco Inc. ("Norwesco" or the "Company"), a leading...
Allied Capital Completes the Sale of its Equity Interest in Norwesco, Inc.; Realizes $86 Million Gain on Investment
- 2008-10-01
WASHINGTON -- Allied Capital Corporation (NYSE:ALD) announced that on September 30, 2008 it completed the sale of its equity interest in Norwesco, Inc. ("Norwesco"), a leading manufacturer of polyethylene storage tanks for the agricultural and industrial markets, to private equity firm Olympus Partners. As a result of the sale,...
Allied Capital Announces Successful Syndication of $102 Million of Senior Debt Facilities For Portfolio Company Norwesco, Inc
- 2008-04-08
WASHINGTON -- Allied Capital Corporation (NYSE:ALD) announced today that it has successfully structured and syndicated $102 million of senior secured credit facilities for portfolio company Norwesco, Inc. Allied Capital acted as Sole Lead Arranger and Bookrunner for the transaction. The transaction recapitalized Norwesco's existing capital structure. The fully-subscribed syndication closed...
Gibraltar Industries Appoints Gary Henry President of NorWesCo, Noll Manufacturing, and M&N Plastics
- 2007-04-12
BUFFALO, N.Y. -- Gibraltar Industries, Inc. (NASDAQ: ROCK), has announced the appointment of Gary Henry as President of NorWesCo, Noll Manufacturing, and M&N Plastics, reporting to Henning Kornbrekke, President and Chief Operating Officer. As President, Henry will oversee sales, marketing, and manufacturing operations for more than 4,000 different products...
Gibraltar Completes Acquisition of the Assets of NorWesCo, Noll Manufacturing, and M&N Plastics
- 2007-04-11
BUFFALO, New York -- Gibraltar Industries, Inc. (NASDAQ: ROCK) today announced that it completed the purchase of the assets of NorWesCo, Noll Manufacturing, and M&N Plastics from The Employee Ownership Holding Company, which is wholly owned by the Employee Ownership Holding Company Employee Stock Ownership Plan and Trust. The...
Gibraltar Signs an Agreement to Purchase the Assets of NorWesCo, Noll Manufacturing, and M&N Plastics
- 2007-03-13
Acquisition Will Enhance Gibraltar's Building Products Presence in the Northern California, Pacific Northwest, and Rocky Mountain Markets BUFFALO, N.Y. -- Gibraltar Industries, Inc. (NASDAQ: ROCK) today announced that it has signed a definitive agreement to purchase the assets of NorWesCo, Noll Manufacturing, and M&N Plastics from The Employee Ownership...
Acrylon purchases Norwesco facility.(News)(Acrylon Plastics Inc.)
- 2007-02-19
Byline: Michael Lauzon Acrylon Plastics Inc. has added a third rotational molding plant to its stable with the purchase of a facility in Saskatoon, Saskatchewan. Acrylon bought the plant Jan. 2 from the Canadian subsidiary of Norwesco Inc. of St. Bonifacius, Minn.,...
Norwesco buys Bailiff Texas site.(News)(Bailiff Enterprises Inc. sold its factory to Norwesco Inc.)
- 2006-10-16
Byline: Bill Bregar Bailiff Enterprises Inc., which custom-fabricates plastic storage tanks, has sold its rotational molding factory in Fairfield, Texas, to tank giant Norwesco Inc., but is expanding its custom rotomolding business with two new plants. The Fairfield plant becomes Norwesco's...
Norwesco buys RRM's business in septic tanks.(Norwesco Inc)(Rochester Rotational Molding Inc)
- 2005-09-26
Byline: Bill Bregar North America's biggest rotational molder of septic tanks just got bigger. Norwesco Inc. on Sept. 19 purchased the septic tank business of Rochester Rotational Molding Inc., including a plant in Lakeland, Fla., with one large double-shuttle machine and...
Allied Capital takes reins at Norwesco.(Brief Article)
- 2005-07-18
Byline: Angie DeRosa Private equity firm Allied Capital Corp. of Washington has nabbed rotational molder Norwesco Inc. in a $160 million management-led recapitalization that closed July 8. There will be no management changes, no operational chan Byline: Angie DeRosa ...
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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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