02/09/2021 | Announcement
Ironwood Capital Announces Appointment of Geoff Schiffenhausas, CEO of Merrill Industries
AVON, CONNECTICUT, February 9, 2021 – Ironwood Capital is pleased to announce that Geoff Schiffenhaus has been appointed chief executive officer of Merrill Industries, an Ironwood Capital Connecticut portfolio company. Merrill designs and manufactures corrugated packaging. Geoff was previously the general manager of Cascades Containerboard Packaging of Newtown, Connecticut.
“We are pleased to have Geoff step into the CEO job at Merrill. He is an industry veteran with leadership positions at Cascades, Rand-Whitney and Interstate. These leadership roles followed a successful exit from his family-owned packaging business, Schiffenhaus Packaging, where he led the business in multiple capacities for over 20 years,” stated Alex Levental, managing director at Ironwood Capital. “Geoff is a highly qualified manufacturing management professional with deep industry experience. He brings a strong technical background complemented by effective soft skills, along with success in P&L management and process and safety improvements. Geoff is a great fit for Merrill and we are excited to back him in the continued expansion of the business.”
“I am excited to join Merrill, a leading regional designer and manufacturer of customized packaging products,” stated Geoff Schiffenhaus. “My experience at Cascades Containerboard, a North American packaging leader with a global footprint, provides a strong foundation. Merrill’s excellent company reputation for service, reliability and quality built over the past four decades presents opportunities for growth through geographic expansion, increasing market share, strategic acquisitions and operational efficiencies.”
About Ironwood Capital
Ironwood Capital is a Connecticut-based private equity firm that provides non-control growth capital to middle market companies. Its debt-oriented, national platform has invested more than $900 million in over 95 companies since 2001. Ironwood currently invests in the form of subordinated debt and minority equity in amounts ranging from $8 million to $25 million to support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions and buyouts. With over 30 years of middle market experience, we seek to simplify a process that is often unnecessarily wrought with complexity and contention. For more information, please visit www.ironwoodcap.com.
About Merrill Industries
Merrill Industries, headquartered in Ellington, Connecticut, has been in the packaging business for over forty years. It specializes in quality packaging for customers in a variety of industries. The company focuses primarily on the design and manufacture of containers from corrugated sheets and continues to provide other packaging services. For more information, go to: www.merrillind.com
Contact:
Carolyn C. Galiette
President and Chief Investment Officer
Ironwood Capital
(860) 409-2105
galiette@ironwoodcap.com
Kathy Butler
Director of Marketing and Communications
Ironwood Capital
(860) 409-2117
butler@ironwoodcap.com
