Norwesco

Norwesco

United States
Norwesco, Inc. is North America's leading manufacturer of proprietary rotationally molded polyethylene tanks for agricultural, water, closed-top industrial and below ground septic and cistern applications. Norwesco was founded in 1939 in St. Paul, Minnesota under the name of Northwest Plastics, Inc. The name was changed in 1973 and at that time Norwesco was ranked as one of the oldest and largest plastic processors in the United States. Norwesco had been a publicly traded company until January 1988 when Norwesco, Inc. was acquired and taken private by its management and private equity investors. In 2008 they were acquired by Olympus Partners and became part of Tank Holding Company along with tank manufacturer Snyder Industries. Their current financial partner is Leonard Green & Partners, L.P. Over the years they have significantly expanded their geographic presence through the addition of facilities throughout the United States and Canada. They currently operate 14 plants and are the third largest rotational molder in North America. Norwesco's rotational molding of tanks began in 1980 with a single plant in St. Bonifacius, Minnesota. Now, that plant is the headquarters for thirteen additional manufacturing facilities across the U.S. and Canada. Norwesco is the world's largest supplier of rotationally molded tanks and Plastics News has ranked us as one of the top ten rotational molders in North America!
Founded date
01/01/1939
# of employees
51-100
Company type
For Profit

General & financials

Estimated revenue
$10M to $50M
# of funders
Founders
Industry group
Agriculture and Farming, Manufacturing, Natural Resources

Founding

Top 5 investors
Norwest Equity Partners (NEP), Norwest Mezzanine Partners
# of funding runds
2
Last founding
$40.600.000
Total funded
$40.600.000

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