Rowmark, LLC Announces Acquisition of LaserBits, Inc.
August 24, 2015
Rowmark, LLC, a portfolio company of Bertram Capital, and a leading manufacturer and marketer of engravable plastic sheet materials, announced the purchase of LaserBits, Inc. effective August 13, 2015. Headquartered in Phoenix, AZ, LaserBits is a supplier/reseller of laserable products that are sold into the awards and engraving market as well as other specialty markets. The company also focuses on education regarding laserable materials through the use of seminars and their Laser University.
“LaserBits has been in the awards and engraving market, and has been associated with the Rowmark team for many years. By combining our operations, we can reach a broader market and have greater exposure through Rowmark’s global distribution network and support their growth through the improved variety of products we offer. We are excited to join the Rowmark team and assist them in their growth strategies,” said LaserBits Vice President of Sales and Marketing, Mike Fruciano.
“We are excited about the addition of LaserBits as part of our broad line of products to serve the various markets we distribute globally. Rowmark will continue to support and strengthen its growth through their loyal distribution channel,” said Duane Jebbett, Rowmark President and CEO, “Our global network of distributors will continue to be our focus, and we endeavor to be the go-to source for high quality products as well as outstanding customer service in our market segments.”
“The purchase of LaserBits is a win-win situation for both companies. This is part of the natural evolution taking place in our markets, and we look forward to being part of the Rowmark team,” said Rob Lichtenheld, President of LaserBits.