Little Rapids Acquires Larsen Converting Industries
June 29, 2010 - Little Rapids Corp. said that it has acquired Larsen Converting Industries, Inc., a paper converting and flexographic printing company.
The purchase price was not disclosed.
Both companies’ headquarters are based in Green Bay, Wisconsin.
“This is a positive, strategic acquisition for Little Rapids. Larsen is an exceptional company and will make us stronger," said Kirk Ryan, president and CEO of Little Rapids.
“This acquisition is also good news for the area’s economy. We will continue to operate Larsen’s two manufacturing facilities, which will increase our total area employment to approximately 425,” Ryan added.
Little Rapids Corporation was founded by Charles Egan in 1947 and remains a family-owned business. The company’s core product lines serve the medical and beauty market segments under the Graham Professional brand, and the specialty paper market under the Shawano Specialty Papers brand. With headquarters and a manufacturing facility in Green Bay, the company, which employs 365, also has a paper manufacturing facility in Shawano, Wisconsin.
Larsen Converting was founded in 1992 by Donald Larsen III. The company has eight flexographic printing presses with 10-color capability. The firm has two manufacturing facilities, one in Green Bay and another in Ashwaubenon, Wisconsin.
SOURCE: Little Rapids Corporation