Sandar Industries, Inc. has been acquired by Ryeco, LLC

May 2023 — The shareholders of Sandar Industries, Inc. have sold the company to Ryeco, LLC.

Sandar, headquartered in Atlantic Beach, Florida, designs, engineers, manufactures, assembles and sells equipment for the pulp and paper industry. In addition to the equipment, the company provides support with sales of consumables, spare parts and field services that follow each equipment installation. Sandar was founded in 1975 by Peter Rodriguez, who, having worked in the pulp and paper industry for several years, noted the hazards and inefficiencies associated with transferring a web of paper from a full reel to an empty spool. This led him to develop and patent the first Turn-Up System Automatic, a system that would keep operators safe while ensuring wrinkle-free reliable turn-ups. Since then, Sandar’s technology has become an industry standard with over 2,000 installations and estimated savings of 300 million metric tons of product per year.

Ryeco, based in Marietta, Georgia, was founded in 1989 and is a leading manufacturer of quality control systems and sheet break detection devices for the paper, packaging and converting industry. Ryeco is backed by Bellview Capital Partners, an Atlanta-based private equity firm that focuses on partnering with family-owned businesses and corporations across the Southeast.

Our role in the transaction

Oaklins Heritage in Jacksonville served as the intermediary and exclusive financial advisor to the seller in this transaction.