Austin-based private investment company Blue Sage Capital reports it has completed a majority investment in Acworth, Ga.-based Americo Manufacturing Co., a producer of high-loft nonwoven products used in a variety of end uses including floor maintenance pads and floor matting products that currently are sold in all 50 states and in more than 70 countries globally.
“We are delighted to be partnering with Blue Sage as we continue to grow our business from the solid foundation established nearly 50 years ago,” said Lenny Shutzberg, CEO, Americo. “Blue Sage’s expertise of investing in family-owned businesses, along with their vast strategic and financial resources, will provide us the ability to significantly increase the growth trajectory for our company.”
“Americo has a proven business model and an extremely capable management team,” said Jim McBride, cofounder and managing member, Blue Sage. “Highlighted by the receipt of the only Green Seal Certification issues to any floor pad manufacturer in the world, the company continues to demonstrate innovative leadership in the cleaning industry.”