Heritage Capital Group, an investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide, is pleased to announce that its client, Sandar Industries, Inc., has been acquired by Ryeco, LLC.
Sandar, headquartered in Atlantic Beach, FL, designs, engineers, manufactures, assembles, and sells equipment for the pulp and paper industry. The Company also provides consumables, spare parts, and field services following each equipment installation. Sandar was founded in 1975 by Peter Rodriguez who, having worked in the pulp and paper industry for several years, noted the hazards and inefficiencies associated with transferring a web of paper from a full reel to an empty spool. This led him to develop and patent the first Turn-Up System Automatic, which keeps operators safe while ensuring wrinkle-free reliable Turn-Ups. Since then, Sandar’s technology has become an industry standard with over 2000 installations and an estimated savings of 300 million metric tons of product per year.
Ryeco, based in Cartersville, GA, was founded in 1989 and is a leading manufacturer of quality control systems and sheet break detection devices for the paper, packaging, and converting industry. Ryeco is backed by Bellview Capital Partners, an Atlanta based private equity firm that focuses on partnering with family-owned businesses and corporations across the Southeast.
“Working with Heritage during the process of selling our business has been an extraordinary experience,” commented Jason and Victor Rodriguez, owners of Sandar. “The deal team’s expertise, professionalism, and unwavering dedication exceeded all of our expectations. Their deep understanding of the market, meticulous attention to detail, and strategic guidance have played a pivotal role in achieving a successful outcome. We are immensely grateful for their exceptional service and would highly recommend them to anyone seeking a seamless and rewarding sell-side process.”
Heritage served as the exclusive financial advisor and intermediary to Sandar. Joe Hawkins led the deal team, which also included Howard Serkin and JP Allen.
The terms of the transaction were not disclosed. For more information, click here.