Calder Capital is thrilled to announce the successful acquisition of its client, Diverse Global Industrial Solutions of Saugatuck, MI to an individual investor!
Diverse Global Industrial Solutions is a custom packaging and dunnage solutions manufacturer that designs, engineers, and manufactures customized packaging and dunnage solutions for various industries.The Company provides high-quality products such as its trademarked RZR Rack, custom WIP racks, steel racks, and various plastic products that are used for the shipping process.
Diverse Global Industrial Solutions was founded in 2009 and purchased by Bob Schaftenaar in 2011. Ready to transition into retirement, Mr. Schaftenaar engaged Calder Capital to assist with the sale of the Company.
Diverse Global Industrial Solutions was purchased by Ryan Bieneman of Geneseo, IL. Ryan previously worked at John Deere for over twenty years in various global supply management and operations leadership roles. He will be using his previous manufacturing experience in the industry to successfully operate Diverse Global Industrial Solutions.
Ryan Bieneman stated, “After looking for a great company to grow for over a year, I came across Diverse Global. I saw Diverse Global’s focus on innovation, with products that solve many manufacturers’ biggest challenges, and I knew it was the right fit for me. I am excited to build upon Diverse Global’s strong foundation and bring innovation to the returnable packaging industry.”
Pankaj Rajadhyaksha, Mergers and Acquisitions Advisor at Calder Capital, was the lead advisor on the transaction. He worked closely with Bob Schaftenaar to find the right buyer for the Company.
“It was a very enjoyable experience working with Bob,” noted Rajadhyaksha. “Ryan Bieneman is an excellent fit to take over the Company and I’m pleased that Bob can begin to pursue retirement.”
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Diverse Global Industrial Solutions.
The terms of the transaction were not disclosed.
About the RZR Rack
Diverse Global Industrial Solutions’ trademarked and patented RZR rack is the first of its kind to hit the market. The RZR Rack expands vertically at the touch of a button to increase capacity and allow for easier loading and unloading, while also reducing the floor space requirements within a plant. Its state-of-the-art-design creates an all-in-one solution tailored to customer specifications with a variety of options available.