Mason, OH – The C.M. Paula Company, a privately held holding company headquartered in Mason, Ohio, announced today the acquisition of Remtec Automation, which provides and installs robotic material handling systems to several industries, including automotive and consumer goods manufacturers.
Founded in 1981, Remtec delivers cost-effective robotic systems and integrated automation for robotic palletizing and depalletizing, robotic case packing, robotic picking, and robotic material handling applications. Remtec has installed more than 500 robotic systems, and has acquired a reputation as a leader among robotic system integrators.
Remtec’s president and previous owner, Keith Rosnell, will remain with the company along with the rest of the existing management team, and the company will continue to operate out of its current headquarters in northern Cincinnati.
Remtec Automation becomes the fourth independent business in a growing family of companies acquired by the C.M. Paula Company since 2005, following Up With Paper, the worldwide leader in the development and marketing of pop-up greeting cards and stationery, Geo Central, a leading supplier of gift and novelty products in the geological, educational and souvenir markets, and Art Technologies, a global supplier of thrust bearings and precision metal stamping components for the automotive, truck, energy and appliance industries.
“We are pleased to welcome Remtec Automation and its associates to C.M. Paula’s family of companies, “said Greg Ionna, President & CEO of C.M. Paula. “We recognize Remtec’s strong management team, dedicated associates, solid customer relations, unique and powerful productivity solutions, and impeccable market reputation as keys to their ongoing success. We hope to leverage these resources to expand the business through organic growth and other strategic acquisitions.”
“Remtec, along with the other companies in our business family, provides C.M. Paula a well diversified revenue base, consistent with the company’s overall strategy,” concluded Ionna.
Remtec is poised for further growth with this acquisition, noted Keith Rosnell, President & CEO of Remtec. “We look forward to tapping into C.M. Paula’s additional resources to complement and accelerate our growth strategy,” he said. “There is no question that Remtec’s customers will be the key beneficiaries of this new business relationship.”
C.M. Paula Company was founded in 1958 and remains privately owned by its founder Charles McCullough. In January, 2005, the company completed a strategic transition from a supplier of consumer products in stationery and gift products to a privately held investment and management company through a series of acquisitions. Remtec Automation becomes the seventh acquisition during the time period. While two interests have been sold for strategic considerations, the company’s operating philosophy remains to buy, grow and hold well managed and positioned companies.
The acquisition was assisted by the advice and support of First Financial Bank, Rippe & Kingston, Katz-Teller, Zoellner Garten & Co, Kevin J. Hopper Co., LPA.