Management Buyout

The family shareholders of Rowmark, Inc. announced that the company has entered into an agreement to sell a controlling interest in the company to management with the backing of Clearview Capital, LLC, an Old Greenwich, CT based private investment firm.

Rowmark began in 1987 as a division of Hancor Inc., a drainage pipe manufacturer located in Findlay, Ohio. In October 1997, the former Hancor CEO Fred Kremer purchased Rowmark from Hancor and started the move to a new facility in Findlay. Mr. Kremer and two other employees were then killed in a private plane crash in 1997. The Kremer Family continued to operate the company and appointed Duane Jebbett President in September 1998. Rowmark responded to strong demand for custom extruded products with the creation of PMC (Premier Material Concepts) in 2003. PMC provides materials to a variety of new and alternative markets.

Rowmark has expanded it’s facility multiple times over the past several years and now contains more than 75,000 square feet, which houses multiple extrusion lines, press, lamination and hot stamp capabilities, storage silos, a warehouse space and the company’s administrative offices.

Management and employees of the company will remain intact and Mr. Jebbett will continue as President and Chief Executive Officer.

For more information, contact Jen Perry, PMC, 2040 Industrial Drive, Findlay, OH 45840, 877-BUYPMC6/ 419-425-8974, E-mail: jperry@rowmark.com, Web: www.buypmc.com.