- June 21, 2012
BLOOMER, WI | Bloomer Plastics, a producer of engineered films for use in high-performance industrial, medical, and consumer end markets, has entered into a transaction with Huron Capital Partners, Detroit, MI, a private investment firm specializing in working with privately held and family businesses. Huron has partnered with Bloomer’s management in a transaction that will provide significant capital to fund Bloomer’s national expansion plans and broaden its product development and customer service capabilities. The business will continue to be headquartered in Bloomer, WI.
Neil Lundgren, president and general manager of Bloomer, stated, “For 41 years we have built a highly responsive custom films business focused on exceeding our customer needs. We are excited about our new partnership with Huron and we are confident that Huron will be a valuable partner for our employees and for our business’ pursuit of organic growth initiatives and business acquisitions.”
Industry veteran Kevin Keneally joins the team as the new CEO of Bloomer. Keneally comes to Bloomer with more than 20 years of experience in polymers, films, and packaging and will focus on growing Bloomer’s business into new customers and end-markets.