Rennco, Inc

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Rennco, Inc - overview

Established

1969

Location

-, MI, US

Primary Industry

Industrial Machinery

About

Rennco, Inc. is a packaging solutions company that specializes in automated vertical bagging systems and heat sealing machinery, primarily serving the food service, medical, and laundry industries. Founded in Homer, US, Rennco, Inc. focuses on providing automated packaging solutions.


In March 2000, the company was acquired by Pro Mach, Inc. , a portfolio company of Harvey & Company. The company has established its headquarters in Homer and continues to operate as an independent entity within the Pro Mach group. Rennco specializes in automated packaging solutions, specifically focusing on vertical bagging systems and heat sealing machines tailored for various industries.


Their core offerings include semi-automatic and fully automatic vertical bagging equipment that utilizes centerfolded mail order film, designed to optimize packaging efficiency for e-commerce applications and the food service disposable market. The company’s heat sealing machinery is particularly aimed at the medical device industry, ensuring compliance with strict safety and quality standards. Rennco serves a diverse clientele, including businesses in the food service, medical, and laundry industries, providing solutions for bulk bagging items such as disposable products, linens, and protective garments. Rennco generates revenue through direct sales of its packaging systems and equipment to businesses across several sectors, primarily in B2B transactions.


Their transactions typically involve one-time purchases of semi-automatic and fully automatic vertical bagging systems, as well as heat sealing machinery. The company offers various products, including the EZ20 Vertical Bagger, which provides a cost-effective solution for e-commerce packaging challenges. The pricing structure is typically determined by the specifications and customization options selected by clients, which could include different configurations and features tailored to specific operational needs. Rennco’s revenue model emphasizes direct engagement with business clients, providing tailored solutions that meet the demands of their respective markets.


Rennco plans to enhance its product line with new automated packaging solutions targeted for launch in the upcoming year. The company aims to expand its market presence into Europe and Asia by 2025, leveraging recent funding received to support these initiatives. The acquisition by Pro Mach, Inc. is expected to provide additional resources to accelerate their growth strategy and facilitate new product development.


Current Investors

ProMach, Inc.

Primary Industry

Industrial Machinery

Sub Industries

Industrial Machinery, Packaging, Adhesives & Sealants

Website

www.rennco.com

Verticals

Manufacturing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Rennco, Inc - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedRennco, Inc-

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Rennco, Inc - employee data

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