Principals of True North Advise BASCO, Inc. in Acquisition of Discount Vials
BASCO, Inc. is pleased to announce the acquisition of Discount Vials effective January 31, 2023.
BASCO has been a leader in the industrial packaging industry for over 75 years, serving companies big and small with containers that fit an extensive variety of needs. BASCO is a family-owned business with headquarters in University Park, Illinois, and locations in North Carolina, Arizona, Indiana, and Ohio. Discount Vials expands BASCO's locations into Wisconsin and marks the company's fifth acquisition.
Founded in 1999 and operating out of Madison, Wisconsin, Discount Vials is a distributor of glass vials and bottles and their accompanying caps and closures. The company prides itself on its family-oriented atmosphere and high-quality products and customer service. Owners Rhett and Laura Roeth will see the company through the transition process. All other employees of Discount Vials will be retained by BASCO.
Richard Rudy, Chief Executive Officer of BASCO, commented, "Discount Vials is a great niche company, built on high quality products and an intense commitment to personalized service to all its customers. Their containers are used for a wide range of products, and this acquisition takes us into a new and very interesting product line with exciting prospects."
The Principals of True North, acting in the capacity of registered agents of Burch & Company, Inc. (“Burch”), were the lead strategic and financial advisors to BASCO, Inc. on this transaction. In order to assist True North with securities-related transactions, its principals are registered investment banking agents of Burch & Company, Inc., member FINRA/SiPC. Burch and True North are not affiliated entities.